Table 3. Marginal effects of independent variables on PMIR and PSE.
|
Independent Variables |
PMIR |
PSE | ||
|
Marginal effect |
t-value |
Marginal effect |
t-value | |
|
NETINPUT |
50.69 |
5.14** |
--- |
--- |
|
NETSALES |
--- |
--- |
-44.44 |
-4.39** |
|
NETFINAN |
-9.68 |
-1.21 |
-1.40 |
-0.25 |
|
CONTINF |
8.63 |
0.73 |
4.57 |
0.61 |
|
REGION |
4.93 |
0.59 |
-8.33 |
-1.34 |
|
SECTOR |
-14.10 |
-1.51 |
-4.90 |
-0.77 |
Note: Two asterisks indicate significance at the 5%.
A one percent increase in the use of locally produced inputs increases the probability
that the firm experienced increased employment by 1% and decreases the probability
that the firm experienced increased investments by 2%. Similarly, a one percent
increase in exported product, decreases the probability that the firm experienced
increased sales and/or increase in profit margins by 1%.
Table 4. Coefficient estimates of the logit models for PEREMP, PERTS, PERPM and
PERINV
|
Independent Variables |
PEREMP |
PERTS |
PERPM |
PEINV |
|
Constant |
-225 |
055 |
066 |
3.69 |
|
(-3.06)** |
(0.99) |
(1.18) |
(3.23)** | |
|
PMIR |
0.01 |
--- |
--- |
-0.02 |
|
(1.65)* |
(-2.19)** | |||
|
PSE |
--- |
-0.01 |
-0.02 |
--- |
|
(-1.10) |
(-1.64)* | |||
|
REGION |
-1.46 |
-1.95 |
-1.55 |
-3.69 |
|
(-2.58)** |
(-4.08)** |
(-3.46)** |
(-4.79)** |
... table 4 continued on next page
19
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