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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