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

(1)

(2)

(3)

(4)

(5)          (6)

Firm specific variables

Relative efficiency (weighted)

Firm size (log)

Firm age (log)

State owned enterprise (SOE)

Foreign owned firm (Multinational)

-44.7841**

(2.44)

-45.4567**

(2.44)

-6.5822
(0.74)
-0.1186***
(7.16)
0.0132
(0.43)

-6.2422

(1.16)

-0.1235***

(7.18)
0.0139
(0.43)

-0.9871    -1.1072

(0.12)      (0.13)

-0.1136*** -0.1196***

(6.73)      (6.81)

0.0078    0.0065

(0.25)      (0.20)

0.0394    0.0788

(0.37)      (0.72)

-0.2253*** -0.2330***

(3.46)      (3.53)

Province dummies

Yes

Yes

Yes

Yes

Yes      Yes

Sector dummies________________

Yes

Yes

Yes

Yes

Yes______Yes

Observations

1,076

1,045

1,076

1,045

1,076      1,045

Pseudo R-squared________________

0.16

0.17

0.19

0.21

0.20       0.22