... table 4 continued
|
SECTOR |
0.46 |
0.78 |
0.22 |
-2.53 |
|
(0.81) |
(1.69)* |
(0.46) |
(-2.97)** | |
|
LABSIZE |
0.30 |
0.11 |
0.17 |
-0.17 |
|
(1.99)** |
(0.98) |
(1.31) |
(-1.67)* | |
|
FIRMAGE |
0.04 |
0.02 |
0.01 |
0.01 |
|
(1.85)* |
(0.79) |
(0.25) |
(0.08) | |
|
log LΩ |
-50.22 |
-56.64 |
-60.02 |
-36.39 |
|
log Lω |
-58.97 |
-68.37 |
-68.49 |
-64.89 |
|
- 2[logLω - logLΩ] |
17.48** |
23.48** |
16.94** |
57.00** |
|
McFadden’s ρ2 |
0.15 |
0.17 |
0.13 |
0.44 |
|
% correct predictions |
77.77 |
71.71 |
67.67 |
82.82 |
Note: Two and one asterisks indicate significance at the 5% and 10% respectively.
|
Table 5. Marginal effects of the logit models for PEREMP, PERTS, PERPM, PERINV | ||||
|
Independent Variables |
PEREMP |
PERTS |
PERPM |
PEINV |
|
PMIR |
0.01 |
--- |
--- |
-0.01 |
|
(1.65)* |
(-2.21)** | |||
|
PSE |
--- |
-0.01 |
-0.01 |
--- |
|
(-1.10) |
(-1.68)* | |||
|
REGION |
-0.28 |
-0.45 |
-0.37 |
-0.61 |
|
(-2.74)** |
(-4.76)** |
(-3.81)** |
(-6.94)** | |
|
SECTOR |
0.09 |
0.19 |
0.05 |
-0.41 |
|
(0.80) |
(1.65)* |
(0.46) |
(-3.32) | |
|
LABSIZE |
0.06 |
0.03 |
0.04 |
-0.03 |
|
(1.85)* |
(0.98) |
(1.32) |
(-1.63)* | |
|
FIRMAGE |
0.01 |
0.01 |
0.01 |
0.00 |
|
(1.87)* |
(0.79) |
(0.25) |
(0.08) | |
Note: Two and one asterisks indicate significance at the 5% and 10% respectively.
20