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CHAPTER 4. YEAR-END SPENDING 197<br />

Table 4.11: Year-End Contract Characteristics Regressions<br />

Dependent Variable:<br />

Cost-<br />

Non-competitive Costreimbursement<br />

or<br />

Non-competitive One bid<br />

or one bid reimbursement T&M/LH<br />

T&M/LH<br />

(1) (2) (3) (4) (5) (6)<br />

Last week -0.002 0.017 0.010 -0.032 0.004 -0.028<br />

(0.002) (0.002) (0.002) (0.002) (0.001) (0.002)<br />

Year FE X X X X X X<br />

Agency FE X X X X X X<br />

Product or service code FE X X X X X X<br />

R-squared 0.41 0.31 0.30 0.52 0.21 0.51<br />

N 402,400 402,400 402,400 402,400 402,400 402,400<br />

Mean of dependent variable 28.7% 20.0% 48.7% 30.0% 5.5% 35.5%<br />

Source: Federal Procurement Data System, accessed October, 2010 via www.usaspend<strong>in</strong>g.gov<br />

Note: Table shows coefficients from l<strong>in</strong>ear probability model regressions of contract type <strong>and</strong> competition type <strong>in</strong>dicators on last week<br />

<strong>and</strong> controls. To facility the analysis, the data is aggregated to the level of the covariates <strong>and</strong> the regressions are weighted by<br />

<strong>in</strong>flation-adjusted spend<strong>in</strong>g <strong>in</strong> each cell.

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