----------------------------------------------------------------
                          (1)             (2)             (3)   
                        ly0_h           ly0_h           ly0_h   

lR                     -0.014          -0.143          -0.341*  
                     (0.0115)        (0.0903)        (0.1971)   
studio                  0.079***        0.071**         0.401   
                     (0.0262)        (0.0283)        (0.2691)   
Constant                7.644***        7.799***        6.557***
                     (0.2673)        (0.3022)        (1.2424)   
controls                  Yes             Yes             Yes   

R_sq                    0.337           0.243          -0.404   
N. of cases           909.000         909.000         909.000   
F test of excl~s                        5.459           0.983   
Sargan p-val                            0.048           0.238   
Endogenei.. p-~l                        0.124           0.053   

