main_regression.do is the do file to generate tables and figures in this paper appendix_regression.do is the do file to generate tables in the online appendix cluster2.do, ols_spatial_HAC.ado, reg2hdfespatial.ado are the spatial-temporal cluster codes. These files will be used by main_regression.do and appendix_regression.do Regression_Data.dta is the data for all regressions Figure 3.xlsx is the data for figure 3 figure_5.dta is the data for figure 5 figure_6.dta is the data for figure 6