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

All

(1)

SW2
(EXIT)
(2)

All

(3)

SW2 (EXIT)

(4)

Sector specific variables

SOE share of total sector (SR)

SW2

-0.1116***

-0.3165***

-0.1065***

-0.2977***

(7.30)

(5.70)

(6.91)

(5.31)

EXIT

-0.0397**

-0.0338*

(2.24)

(1.89)

Multinational share of total sector (FR)

SW2

0.1682***

0.5464***

0.1410***

0.4237***

(8.01)

(7.38)

(6.45)

(5.52)

EXIT

0.0445*

0.0432*

(1.91)

(1.82)

Sector concentration ratio (CR)

SW2

0.1183***

0.5633***

0.0583*

0.2982**

(3.95)

(4.66)

(1.79)

(2.44)

EXIT

-0.0251

-0.0277

(0.72)

(0.75)

Sector efficiency level (EFF)

SW2

0.1420***

0.4452***

0.1183***

0.2984***

(8.53)

(6.78)

(6.15)

(4.17)

EXIT

0.0811***

0.0789***

(3.74)

(3.38)

Sector effective rate of protection (ERP)

SW2

-0.0006***

-0.0027***

-0.0005***

-0.0021***

(9.51)

(10.83)

(6.48)

(7.80)

EXIT

0.0001

0.0002**

(1.50)

(2.06)

Province dummies

No

No

Yes

Yes

Observations

24,363

3,013

24,363

3,013

Groups____________________________

10,570

2,850

10,570

2,850