Table 4.

GEE and ML logit regression for panel data

Home-sourcingGEEML logit
BRobust SEBRobust SEBRobust SEBRobust SE
R&D intensity3.786**(1.584)3.835**(1.625)3.828**(1.616)3.905**(1.663)
Labor intensity–3.483***(0.463)–3.548***(0.468)
Labor productivity0.400***(0.066)0.412***(0.067)
Product standardization–0.176*(0.098)–0.195**(0.098)–0.178*(0.099)–0.197**(0.099)
Frequency product change0.164(0.164)0.190(0.164)0.165(0.167)0.192(0.167)
Capital intensity–0.009(0.037)–0.017(0.037)–0.008(0.038)–0.016(0.038)
Firm age0.001(0.002)–0.000(0.002)0.001(0.002)–0.000(0.002)
Firm size0.636***(0.162)0.680***(0.162)0.646***(0.162)0.690***(0.162)
Firm size^Firm size
Market dynamics–0.002(0.001)–0.002(0.001)–0.002*(0.001)–0.002(0.001)
N. international markets0.055(0.041)0.055(0.041)0.056(0.041)0.056(0.041)
% increase input costs0.101(0.746)0.294(0.732)0.111(0.754)0.305(0.742)
% increase energy costs–0.419(0.873)–0.399(0.875)–0.383(0.882)–0.361(0.886)
Constant–4.387***(0.665)–9.819***(0.852)–4.492***(0.672)–10.093***(0.863)
Industry dummiesYesYesYesYes
Year dummiesYesYesYesYes
Wald chi276.94***253.01***278.09***253.80***
Log-likelihood–2185.84–2197.47
N firms1935193519351935
Obs8359836083598360
Home-sourcingGEEML logit
BRobust SEBRobust SEBRobust SEBRobust SE
R&D intensity3.786**(1.584)3.835**(1.625)3.828**(1.616)3.905**(1.663)
Labor intensity–3.483***(0.463)–3.548***(0.468)
Labor productivity0.400***(0.066)0.412***(0.067)
Product standardization–0.176*(0.098)–0.195**(0.098)–0.178*(0.099)–0.197**(0.099)
Frequency product change0.164(0.164)0.190(0.164)0.165(0.167)0.192(0.167)
Capital intensity–0.009(0.037)–0.017(0.037)–0.008(0.038)–0.016(0.038)
Firm age0.001(0.002)–0.000(0.002)0.001(0.002)–0.000(0.002)
Firm size0.636***(0.162)0.680***(0.162)0.646***(0.162)0.690***(0.162)
Firm size^Firm size
Market dynamics–0.002(0.001)–0.002(0.001)–0.002*(0.001)–0.002(0.001)
N. international markets0.055(0.041)0.055(0.041)0.056(0.041)0.056(0.041)
% increase input costs0.101(0.746)0.294(0.732)0.111(0.754)0.305(0.742)
% increase energy costs–0.419(0.873)–0.399(0.875)–0.383(0.882)–0.361(0.886)
Constant–4.387***(0.665)–9.819***(0.852)–4.492***(0.672)–10.093***(0.863)
Industry dummiesYesYesYesYes
Year dummiesYesYesYesYes
Wald chi276.94***253.01***278.09***253.80***
Log-likelihood–2185.84–2197.47
N firms1935193519351935
Obs8359836083598360

* p ≤ 0.10 ** p ≤ 0.05 *** p ≤ 0.01—robust standard errors reported

Table 4.

GEE and ML logit regression for panel data

Home-sourcingGEEML logit
BRobust SEBRobust SEBRobust SEBRobust SE
R&D intensity3.786**(1.584)3.835**(1.625)3.828**(1.616)3.905**(1.663)
Labor intensity–3.483***(0.463)–3.548***(0.468)
Labor productivity0.400***(0.066)0.412***(0.067)
Product standardization–0.176*(0.098)–0.195**(0.098)–0.178*(0.099)–0.197**(0.099)
Frequency product change0.164(0.164)0.190(0.164)0.165(0.167)0.192(0.167)
Capital intensity–0.009(0.037)–0.017(0.037)–0.008(0.038)–0.016(0.038)
Firm age0.001(0.002)–0.000(0.002)0.001(0.002)–0.000(0.002)
Firm size0.636***(0.162)0.680***(0.162)0.646***(0.162)0.690***(0.162)
Firm size^Firm size
Market dynamics–0.002(0.001)–0.002(0.001)–0.002*(0.001)–0.002(0.001)
N. international markets0.055(0.041)0.055(0.041)0.056(0.041)0.056(0.041)
% increase input costs0.101(0.746)0.294(0.732)0.111(0.754)0.305(0.742)
% increase energy costs–0.419(0.873)–0.399(0.875)–0.383(0.882)–0.361(0.886)
Constant–4.387***(0.665)–9.819***(0.852)–4.492***(0.672)–10.093***(0.863)
Industry dummiesYesYesYesYes
Year dummiesYesYesYesYes
Wald chi276.94***253.01***278.09***253.80***
Log-likelihood–2185.84–2197.47
N firms1935193519351935
Obs8359836083598360
Home-sourcingGEEML logit
BRobust SEBRobust SEBRobust SEBRobust SE
R&D intensity3.786**(1.584)3.835**(1.625)3.828**(1.616)3.905**(1.663)
Labor intensity–3.483***(0.463)–3.548***(0.468)
Labor productivity0.400***(0.066)0.412***(0.067)
Product standardization–0.176*(0.098)–0.195**(0.098)–0.178*(0.099)–0.197**(0.099)
Frequency product change0.164(0.164)0.190(0.164)0.165(0.167)0.192(0.167)
Capital intensity–0.009(0.037)–0.017(0.037)–0.008(0.038)–0.016(0.038)
Firm age0.001(0.002)–0.000(0.002)0.001(0.002)–0.000(0.002)
Firm size0.636***(0.162)0.680***(0.162)0.646***(0.162)0.690***(0.162)
Firm size^Firm size
Market dynamics–0.002(0.001)–0.002(0.001)–0.002*(0.001)–0.002(0.001)
N. international markets0.055(0.041)0.055(0.041)0.056(0.041)0.056(0.041)
% increase input costs0.101(0.746)0.294(0.732)0.111(0.754)0.305(0.742)
% increase energy costs–0.419(0.873)–0.399(0.875)–0.383(0.882)–0.361(0.886)
Constant–4.387***(0.665)–9.819***(0.852)–4.492***(0.672)–10.093***(0.863)
Industry dummiesYesYesYesYes
Year dummiesYesYesYesYes
Wald chi276.94***253.01***278.09***253.80***
Log-likelihood–2185.84–2197.47
N firms1935193519351935
Obs8359836083598360

* p ≤ 0.10 ** p ≤ 0.05 *** p ≤ 0.01—robust standard errors reported

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