Sector Switching: An Unexplored Dimension of Firm Dynamics in Developing Countries



Sector__________

________29________

_________31 *_________

_________32__________

_________33_________

Constant

0.396*** (0.074)

1.281*** (0.171)

0.475*** (0.074)

1.278*** (0.299)

lnx1

0.650*** (0.045)

0.573*** (0.050)

0.332*** (0.076)

0.824*** (0.101)

lnx2

0.499*** (0.038)

0.604*** (0.037)

0.756*** (0.056)

0.337*** (0.081)

lnx1 *lnx1

0.001 (0.031)

0.036 (0.051)

lnx2 *lnx2

0.048*** (0.018)

0.081*** (0.020)

lnx1 *lnx2

-0.054 (0.041)

-0.164*** (0.053)

Dummy 2002

0.023 (0.053)

Dummy 2003

0.004 (0.053)

Dummy 2004

0.095* (0.053)

γ

0.884*** (0.070)

0.569*** (0.058)

0.944*** (0.027)

0.656*** (0.072)

μ

-2.341 (2.701)

1.430*** (0.247)

-4.508* (2.694)

1.501*** (0.392)

Log likelihood

-1,495.70

-914.79

-423.63

-215.01

Sector__________

________34 *________

________35________

_________36_________

Constant

1.005*** (0.158)

0.983 *** (0.148)

0.264*** (0.042)

lnx1

0.904*** (0.044)

0.745*** (0.059)

0.756*** (0.026)

lnx2

0.297*** (0.027)

0.399*** (0.045)

0.406*** (0.024)

lnx1 *lnx1

0.050 (0.036)

0.020 (0.015)

lnx2 *lnx2

0.049*** (0.015)

0.048*** (0.009)

lnx1 *lnx2

-0.085** (0.038)

-0.059*** (0.020)

Dummy 2002

0.225*** (0.060)

-0.006 (0.038)

Dummy 2003

0.244*** (0.060)

-0.127*** (0.037)

Dummy 2004

0.260*** (0.066)

-0.108*** (0.036)

γ

0.624*** (0.035)

0.598*** (0.030)

0.868*** (0.018)

μ

1.371*** (0.204)

1.436*** (0.170)

-3.257*** (0.530)

Log likelihood

-779.74

-1,242.07

-3,629.46

lnx1 is the log of labour, lnx2 the log of capital, lnx3 the log of material costs, γ an estimate of the share of technical

efficiency in total variance and μ the mean of the distribution of inefficiency effects.

Standard errors are given in parenthesis, *** indicates significance at the 1% level, ** indicates significance at the 5% level, *
indicates significance at the 10% level

*Restricted to Cobb-Douglas model due to violation of theoretical properties

36



More intriguing information

1. Computational Batik Motif Generation Innovation of Traditi onal Heritage by Fracta l Computation
2. The name is absent
3. Cyber-pharmacies and emerging concerns on marketing drugs Online
4. Should Local Public Employment Services be Merged with the Local Social Benefit Administrations?
5. BUSINESS SUCCESS: WHAT FACTORS REALLY MATTER?
6. A dynamic approach to the tendency of industries to cluster
7. The name is absent
8. IMPLICATIONS OF CHANGING AID PROGRAMS TO U.S. AGRICULTURE
9. Regional science policy and the growth of knowledge megacentres in bioscience clusters
10. Staying on the Dole