|ption<br>(9)<br>-0.0194***<br>(0.00575)<br>0.939<br>82,572<br>-0.002<br>(0.006)<br>0.939<br>82,576<br>-0.051***<br>(0.015)<br>82,572<br>0.328***<br>(0.025)<br>446.21<br>82,719<br>Yes<br>Yes<br>No<br>No<br>No<br>Yes<br>groups<br>d other<br>es, and<br>t at the|
|---|
|rgy Consum<br>(8)<br>-0.021**<br>(0.008)<br>0.920<br>122,074<br>-0.001<br>(0.012)<br>0.919<br>122,080<br>-0.069**<br>(0.028)<br>122,074<br>0.306***<br>(0.019)<br>257.18<br>122,239<br>Yes<br>Yes<br>Yes<br>Yes<br>Yes<br>No<br>illegal armed<br>education, an<br>culture, servic<br> _∗∗∗_signifcan|
|Ene<br>(7)<br>-0.019***<br>(0.005)<br>0.919<br>122,104<br>0.004<br>(0.007)<br>0.919<br>122,110<br>-0.050***<br>(0.013)<br>122,104<br>**Age Pop)**<br>0.374***<br>(0.015)<br>627.24<br>122,269<br>Yes<br>Yes<br>No<br>No<br>No<br>No<br>med attacks by<br>sfers to health,<br>P share in agri<br>n parentheses.|
|umption<br>(6)<br>-0.0151***<br>(0.00495)<br>0.942<br>82,704<br>-0.004<br>(0.006)<br>0.942<br>82,708<br>-0.040***<br>(0.013)<br>82,704<br>**(% Working**<br>0.328***<br>(0.025)<br>446.21<br>82,719<br>Yes<br>Yes<br>No<br>No<br>No<br>Yes<br>mmies and i) ar<br>government tran<br>, viii) 2000 GD<br>m are reported i|
|mediate Cons<br>(5)<br>-0.020***<br>(0.007)<br>0.924<br>122,192<br>-0.007<br>(0.007)<br>0.924<br>122,198<br>-0.067***<br>(0.024)<br>122,192<br>**are of IDPs**<br>0.306***<br>(0.019)<br>257.18<br>122,239<br>Yes<br>Yes<br>Yes<br>Yes<br>Yes<br>No<br>ons of year du<br>95, v) central<br>ffces in 1995<br>d errors by fr|
|Inter<br>(4)<br>-0.013***<br>(0.005)<br>0.924<br>122,222<br>-0.014***<br>(0.005)<br>0.924<br>122,228<br>-0.034***<br>(0.012)<br>122,222<br>**ariable: Sh**<br>0.374***<br>(0.015)<br>627.24<br>122,269<br>Yes<br>Yes<br>No<br>No<br>No<br>No<br>clude interacti<br>nditures in 19<br>x collection o<br>tered standar|
|(3)<br>-0.0111**<br>(0.00476)<br>0.951<br>82,715<br>-0.003<br>(0.005)<br>0.951<br>82,719<br>-0.029**<br>(0.012)<br>82,715<br>**Dep. V**<br>0.328***<br>(0.025)<br>446.21<br>82,719<br>Yes<br>Yes<br>No<br>No<br>No<br>Yes<br>al controls in<br>) public expe<br>number of ta<br>in 1995. Clus|
|Production<br>(2)<br>-0.021***<br>(0.006)<br>0.935<br>122,231<br>-0.010<br>(0.006)<br>0.935<br>122,237<br>-0.068***<br>(0.020)<br>122,231<br>0.306***<br>(0.019)<br>257.18<br>122,239<br>Yes<br>Yes<br>Yes<br>Yes<br>Yes<br>No<br>ssion. Addition<br>e rates 1995, iv<br>ns in 1995, vii)<br>ht light density|
|**Dependent Variables (in logs)**<br>(1)<br>**Panel A. Reduced Form**<br>Predicted Infows<br>-0.010**<br>(0.0042)<br>R-squared<br>0.934<br>Observations<br>122,261<br>**Panel B. OLS**<br>Share of IDP (% Working Age Pop)<br>-0.011**<br>(0.004)<br>R-squared<br>0.934<br>Observations<br>122,267<br>**Panel C. 2SLS**<br>Share of IDP (% Working Age Pop)<br>-0.027**<br>(0.011)<br>Observations<br>122,261<br>**Panel D. First Stage**<br>Predicted Infows<br>0.374***<br>(0.015)<br>First Stage F-statistic<br>627.24<br>Observations<br>122,269<br>**Controls (for all panels)**<br>Year FE<br>Yes<br>Firm FE<br>Yes<br>Year_×_Department FE<br>No<br>Homicides Rates<br>No<br>Confict Controls<br>No<br>Additional Controls<br>No<br>_Notes:_ Each coeffcient corresponds to a separate regre<br>in 1995, ii) fatal victims of attacks in 1995, iii) homicid<br>expenditures in 1995, vi) number of fnancial institutio<br>industry, ix) municipal tax income in 1995, and x) nig<br>1%, _∗∗_signifcant at the 5%, _∗_signifcant at the 10%.|

32