TABLE 3
Real Output Growth
Econometric Results
Dependent variable: real |
__________GABON__________ |
___________CHAD___________ | ||||||
Change in total unit costs (ΔIπ(CZPqQ)_________________ |
— |
— |
0.078 |
0.533 |
— |
— |
—0.824 (O.224) |
—0.824 (O.224) |
Change in variable costs S∣ΔIπ(P∣ZPq)SlΔIπ(PlZPq) |
-1.21 (O.O29) |
—1.28 (O.O2) |
— |
— |
-0.941 (O.O18) |
-0.941 (O.O18) |
— |
— |
Dummy Export 1993 |
— |
0.47 |
— |
0.602 |
— |
1.644 |
— |
1.72 (O.OOO) |
Dummy Export 1993 * |
— |
— |
—1.045 (O.7O7) |
— |
— |
— |
—5.932 |
— |
Dummy Export 1993 * |
—1.529 (O.O15) |
— |
— |
— |
—3.575 (O.OOO) |
— |
— |
— |
Utilization of capacity |
—0.303 |
—0.36 (0.375) |
—0.079 |
—0.141 (O.768) |
—0.251 (O.451) |
—0.2511 (O.451) |
—0.334 (O.25O) |
—0.334 (O.25O) |
Productivity growth (‘93-96) |
1.258 |
1.35 |
0.82 (0.624) |
1.424 |
1.384 |
1.384 |
0.14 (O.872) |
0.14 (O.872) |
Number of observations |
44 |
44 |
44 |
44 |
34 |
34 |
34 |
34 |
2SLS Regression with robust Standard Errors
P values in parenthesis.
TABLE 4
Productivity Growth
Econometric Results
Dependent variable: productivity growth (A lnA) |
______GABON______ |
_________CHAD_________ |
Share of imported inputs in 1993 |
0.054 (O.774)________________ |
—0.195 ________(O.588)_________________ |
Dummy Export 1993 |
—0.224 (O.257)________________ |
—1.072 ________(O.OO7)_________________ |
Share of expatriates on total employment |
0.844 (O.O42)________________ |
0.965 ________(O.9O8)_________________ |
Share of foreign capital |
0.282 (O.O74)________________ |
—0.219 ________(O.691)_________________ |
Real output growth 1993-1996 |
0.137 (O.O56)________________ |
0.439 ________(O.OO1)_________________ |
Number of observations___________________ |
__________44__________ |
_____________34_____________ |
R2________________________________________ |
___________0.20___________ |
_______________0.29______________ |
2SLS Regression with robust Standard Errors
16
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