The name is absent

Belgium Denmark

Spain

Finland

France

Germany

Italy

The
Netherlan
ds

Norway

Sweden

United
Kingdom

N. of obs.

2471

479

2058

280

7739

1239

5203

913

1164

1664

17957

N. of firms

493

225

679

124

2219

313

1194

224

410

922

3749

(Ух ⁾

0.908***

0.679*

0.643***

0.217

0.313***

0.476*

0.410***

0.768*

0.153**

0.449

0.871***

lit-1

(0.211)

(0.381)

(0.132)

(0.237)

(0.053)

(0.280)

(0.074)

(0.407)

(0.046)

(0.153)

(0.078)

⁽У 6⁾

-0.708***

-0.751*

-0.625***

-0.246

-0.318***

-0.394

-0.411***

-0.632

-0.127*

-0.456

-0.787***

mne ■ l_it-1

(0.216)

(0.387)

(0.133)

(0.238)

(0.061)

(0.286)

(0.078)

(0.410)

(0.074)

(0.161)

(0.081)

⁽У 4 ⁾

-0.533***

-0.737***

-1.056***

-0.416

-0.909***

-0.881***

-0.961***

-0.583***

-0.751***

-0.310*

-0.459***

wit

(0.114)

(0.147)

(0.137)

(0.307)

(0.055)

(0.157)

(0.117)

(0.152)

(0.067)

(0.161)

(0.058)

⁽У 9 ⁾

0.083

0.306**

0.321**

-0.128

0.180**

0.170

0.060

0.110

0.068

-0.7190

0.024

mne ■ w_{tt -1}

(0.122)

(0.151)

(0.152)

(0.275)

(0.074)

(0.163)

(0.120)

(0.165)

(0.103)

(0.175)

(0.080)

⁽У 2 ⁾

0.196**

0.612***

0.311***

0.496***

0.639***

0.680***

0.596***

0.512***

0.375***

0.511***

0.519***

Уи

(0.073)

(0.081)

(0.078)

(0.086)

(0.040)

(0.109)

(0.070)

(0.119)

(0.091)

(0.078)

(0.046)

⁽У 7 ⁾

0.135

-0.192**

0.296**

-0.103

-0.065

-0.119

0.132

-0.070

0.071

0.140

0.014

mne ■ У_lt -i

(0.093)

(0.090)

(0.095)

(0.132)

(0.056)

(0.135)

(0.087)

(0.129)

(0.111)

(0.127)

(0.055)

⁽У 3⁾

0.215**

-0.007

0.185**

-0.025

0.226***

0.196**

0.320***

0.177

0.183**

0.019

-0.031

rtt

(0.104)

(0.190)

(0.081)

(0.132)

(0.039)

(0.081)

(0.056)

(0.138)

(0.079)

(0.137)

(0.037)

⁽У 8 ⁾

-0.122

-0.148

-0.035

0.097

0.002

-0.209*

0.000

-0.042

-0.238*

0.098

-0.040

mne ■ r_i, ₁

tt —1

(0.099)

(0.160)

(0.048)

(0.165)

(0.026)

(0.077)

(0.032)

(0.138)

(0.126)

(0.163)

(0.033)

(.7 5 ⁾

-0.059***

-0.037

-0.080

0.010

-0.031***

0.016

-0.048**

-0.019

-0.010

-0.016

-0.021**

T

(0.015)

(0.028)

(0.117)

(0.040)

(0.008)

(0.024)

(0.016)

(0.024)

(0.050)

(0.020)

(0.009)

⁽У10⁾

0.002

0.030

0.021**

0.004

0.009**

-0.041**

0.021*

0.004

-0.001

-0.012

0.019***

mne ■ T

(0.009)

(0.023)

(0.013)

(0.016)

(0.004)

(0.018)

(0.012)

(0.011)

(0.012)

(0.019)

(0.004)

AR1

0.008

0.145

0.0006

0.759

0.000

0.013

0.001

0.075

0.005

0.006

0.000

AR2

0.317

0.369

0.918

0.245

0.811

0.627

0.180

0.514

0.551

0.676

0.989

Sargan test

0.330

1.000

0.484

0.960

0.150

0.089

0.330

0.067

0.880

1.000

0.030