Table 3: Location Determinants of Manufacturing Plants Births in the US Counties
|
Variables |
Conditional Logit Model / Poisson Regression | ||||
|
Without County Effects |
With County Effects | ||||
|
Random Effects |
Fixed Effects | ||||
|
Labor Costs Land Costs Taxes Market Size Localization Economies Urbanization Economies State Dummies |
-0.4643* [-13.818] -0.8061* [-46.735] -0.2606* [-28.880] 1.0129* [227.407] 0.1345* [52.697] 0.5563* [34.571] |
-0.4393* [-10.938] -0.7058* [-35.084] -0.3395* [-22.683] 0.9266* [145.482] 0.1283* [52.494] 0.5444* [30.242] _________Yes |
-0.2225* [-3.047] -0.4989* [-13.198] -0.1602* [-8.993] 0.8417* 52.052] 0.1199* 57.512] 0.2816* [7.557] _______No |
-0.2504* [-3.336] -0.4199* [-10.077] -0.1130* [-4.575] 0.7496* 36.949] 0.1192* 57.126] [7.921] _________Yes |
-0.1308 [-0.820] 0.2557 [1.635] -0.1106* [-3.166] -0.0616 [-0.463] 0.1172* [57.768] 0.2006*** [1.881] - |
|
Log-Likelihood Nobs = J × K × T δ (χ2)________________________ |
-73696.38 122520 - |
-72543.9 122520 - |
-70680.7 122520 0.1663 (6031.4) |
-70472.7 122520 0.1308 (4142.4) |
-62211.92 109560 - |
36
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