| . | |$\sigma ^2_{ zd}+\sigma ^2_{ zx}$| . | ||||||
|---|---|---|---|---|---|---|---|
| Dependent variable . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . |
| Log GDP per capita | –0.224* | –0.051 | 0.104 | ||||
| (1.99) | (0.44) | (1.28) | |||||
| Subsidies with ESR | 0.348*** | 0.320** | 0.177* | ||||
| (3.06) | (2.59) | (1.98) | |||||
| Share of foreign-owned firms | 0.403*** | 0.276*** | |||||
| (2.75) | (2.90) | ||||||
| Share of processing exporters | 0.498*** | 0.216** | |||||
| (4.15) | (2.30) | ||||||
| Share of pure exporters | 0.683*** | 0.526*** | |||||
| (3.44) | (2.84) | ||||||
| Observations | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| R-squared | 0.050 | 0.121 | 0.163 | 0.248 | 0.467 | 0.122 | 0.617 |
| . | |$\sigma ^2_{ zd}+\sigma ^2_{ zx}$| . | ||||||
|---|---|---|---|---|---|---|---|
| Dependent variable . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . |
| Log GDP per capita | –0.224* | –0.051 | 0.104 | ||||
| (1.99) | (0.44) | (1.28) | |||||
| Subsidies with ESR | 0.348*** | 0.320** | 0.177* | ||||
| (3.06) | (2.59) | (1.98) | |||||
| Share of foreign-owned firms | 0.403*** | 0.276*** | |||||
| (2.75) | (2.90) | ||||||
| Share of processing exporters | 0.498*** | 0.216** | |||||
| (4.15) | (2.30) | ||||||
| Share of pure exporters | 0.683*** | 0.526*** | |||||
| (3.44) | (2.84) | ||||||
| Observations | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| R-squared | 0.050 | 0.121 | 0.163 | 0.248 | 0.467 | 0.122 | 0.617 |
Notes. All variables have been standardized by subtracting the mean from each variable and dividing it by its standard deviation. Robust t-statistics (in absolute value) reported in parenthesis. *Significant at the 10% level; **significant at the 5% level; ***significant at the 1% level.
| . | |$\sigma ^2_{ zd}+\sigma ^2_{ zx}$| . | ||||||
|---|---|---|---|---|---|---|---|
| Dependent variable . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . |
| Log GDP per capita | –0.224* | –0.051 | 0.104 | ||||
| (1.99) | (0.44) | (1.28) | |||||
| Subsidies with ESR | 0.348*** | 0.320** | 0.177* | ||||
| (3.06) | (2.59) | (1.98) | |||||
| Share of foreign-owned firms | 0.403*** | 0.276*** | |||||
| (2.75) | (2.90) | ||||||
| Share of processing exporters | 0.498*** | 0.216** | |||||
| (4.15) | (2.30) | ||||||
| Share of pure exporters | 0.683*** | 0.526*** | |||||
| (3.44) | (2.84) | ||||||
| Observations | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| R-squared | 0.050 | 0.121 | 0.163 | 0.248 | 0.467 | 0.122 | 0.617 |
| . | |$\sigma ^2_{ zd}+\sigma ^2_{ zx}$| . | ||||||
|---|---|---|---|---|---|---|---|
| Dependent variable . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . |
| Log GDP per capita | –0.224* | –0.051 | 0.104 | ||||
| (1.99) | (0.44) | (1.28) | |||||
| Subsidies with ESR | 0.348*** | 0.320** | 0.177* | ||||
| (3.06) | (2.59) | (1.98) | |||||
| Share of foreign-owned firms | 0.403*** | 0.276*** | |||||
| (2.75) | (2.90) | ||||||
| Share of processing exporters | 0.498*** | 0.216** | |||||
| (4.15) | (2.30) | ||||||
| Share of pure exporters | 0.683*** | 0.526*** | |||||
| (3.44) | (2.84) | ||||||
| Observations | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| R-squared | 0.050 | 0.121 | 0.163 | 0.248 | 0.467 | 0.122 | 0.617 |
Notes. All variables have been standardized by subtracting the mean from each variable and dividing it by its standard deviation. Robust t-statistics (in absolute value) reported in parenthesis. *Significant at the 10% level; **significant at the 5% level; ***significant at the 1% level.
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