Table 4. Correlation of Annual Output Growth per Worker with the Rest of the Manufacturing
Sector: Cross-Section Results
(1) (2) (3) (4)
|
Trade/Output |
-0.026** |
-0.057** |
-0.004 |
-0.028** |
|
(0.007) |
(0.009) |
(0.007) |
(0.010) | |
|
Output per worker |
0.007 |
0.013 |
-0.021* |
-0.046** |
|
(0.010) |
(0.014) |
(0.010) |
(0.017) | |
|
Observations |
1515 |
1515 |
1515 |
1515 |
|
R2 |
0.013 |
0.097 |
0.306 |
0.371 |
|
μc |
no |
no |
yes |
yes |
|
μi___________________ |
no |
yes |
no |
yes |
Notes: Robust standard errors in parentheses. + significant at 10%; * significant at 5%; ** significant at 1%. The
sample period is 1970-99. The dependent variable is the correlation of the growth rate of output per worker with
the rest of the manufacturing sector, 1970-99. All regressors are in natural logs, trade/output is the period average,
and output per worker is the period’s initial value. μc denotes the country fixed effects. μi denotes the sector fixed
effects. All specifications are estimated using OLS.
Table 5. Correlation of Annual Output Growth per Worker with the Rest of the Manufacturing
Sector: Panel Results
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) | |
|
Trade/Output |
-0.029** |
-0.043** |
-0.026** |
-0.043** |
-0.037** |
-0.056** |
-0.021* |
|
(0.005) |
(0.006) |
(0.005) |
(0.007) |
(0.007) |
(0.008) |
(0.010) | |
|
Output per worker |
-0.019+ |
0.005 |
-0.046** |
-0.049** |
-0.068** |
-0.043* |
-0.007 |
|
(0.010) |
(0.014) |
(0.011) |
(0.018) |
(0.018) |
(0.018) |
(0.025) | |
|
Observations |
4161 |
4161 |
4161 |
4161 |
4161 |
4161 |
4161 |
|
R2 |
0.009 |
0.041 |
0.174 |
0.202 |
0.271 |
0.215 |
0.672 |
|
μt |
yes |
yes |
yes |
yes |
no |
no |
yes |
|
μc |
no |
no |
yes |
yes |
yes |
no |
no |
|
μi |
no |
yes |
no |
yes |
no |
yes |
no |
|
μc × μi |
no |
no |
no |
no |
no |
no |
yes |
|
μc × μt |
no |
no |
no |
no |
no |
yes |
no |
|
μi × μt |
no |
no |
no |
no |
yes |
no |
no |
Notes: Robust standard errors in parentheses. + significant at 10%; * significant at 5%; ** significant at 1%. The
sample period is 1970-99. The dependent variable is the correlation of the growth rate of output per worker with
the rest of the manufacturing sector over ten-year periods: 1970-79, 1980-89, 1990-99. All regressors are in natural
logs, trade/output is averaged over the ten-year periods, and output per worker is the ten-year period’s initial value.
μc denotes the country fixed effects. μi denotes the sector fixed effects. All specifications are estimated using OLS.
26
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