Industrial Employment Growth in Spanish Regions - the Role Played by Size, Innovation, and Spatial Aspects



3.3. Results

Table 2.- Estimation Results.

LPERSl

LPERS2

LASATC

LPERTOT

Gibrat S equation

Constant

.529***

.158

.621***

.224

(3.70)

(1.09)

(3.69)

(1.59)

Log Si98

.937***

.971***

.934***

.966***

(103.77)

(105.74)

(88.82)

(106.0)

Log AGE

-.078***

-.047***

-.093***

-.047***

(4.95)

(3.02)

(5.00)

(3.03)

PROPDI

.062***

.037*

.038

.018

(2.73)

(1.64)

(1.44)

(0.82)

EP

.031

.038*

.015

.039*

(1.46)

(1.78)

(0.61)

(1.86)

KEXT

4*10-4

1*10-4

6*10-4 *

1*10-4

(1.28)

(0.55)

(1.72)

(0.38)

INNPRO

.001

-.019

.028

-.015

(0.08)

(0.83)

(1.10)

(0.69)

INNPRC

.093***

.097***

.108***

.096***

(3.93)

(4.03)

(3.78)

(4.08)

TECHIGH

.052*

.074**

.046

.055*

(1.78)

(2.50)

(1.36)

(1.92)

TECMED

.019

.034

.003

.039*

(0.80)

(1.44)

(0.14)

(1.68)

PIBPC

-1*10-5

-9*10-6

-2*10-5

1*10-5

(1.25)

(0.74)

(1.50)

(0.94)

Empindsh

.005**

.004

.006**

.004*

(2.25)

(1.54)

(2.15)

(1.75)

parpyme

-.001

-8*10-4

-.001

-.002

(0.31)

(0.16)

(0.21)

(0.30)

IDPIB

.081

.063

.101

.077

(1.29)

(1.09)

(1.38)

(1.23)

Select equation

Constant

.793

.698

.897

.711

(0.93)

(0.83)

(1.05)

(0.84)

Log Si98

.074

.032

.092*

.063

(1.36)

(0.61)

(1.72)

(1.14)

Log AGE

.125

.149*

.108

.137

(1.43)

(1.76)

(1.22)

(1.60)

PROPDI

.104

.095

.114

.089

(0.80)

(0.74)

(0.88)

(0.69)

EP

-.273**

-.253**

-.277**

-.271**

(2.21)

(2.09)

(2.24)

(2.20)

KEXT

-.003*

-.003*

-.004**

-.003*

(1.85)

(1.79)

(1.99)

(1.75)

INNPRO

.285**

.295**

.278**

.290**

(2.08)

(2.19)

(2.03)

(2.11)

INNPRC

.752***

.732***

.745***

.757***

(5.74)

(5.67)

(5.71)

(5.77)

TECHIGH

.179

.232

.172

.182

(1.00)

(1.31)

(0.96)

(1.02)

TECMED

.182

.234*

.175

.186

(1.33)

(1.74)

(1.28)

(1.37)

PIBPC

5*10-6

3*10-5

8*10-7

9*10-6

(0.08)

(0.41)

(0.01)

(0.13)

19



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