Further analysis: spillover effects
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| Industry spillover effect | Regional spillover effect | One-period lagged industry spillover effect | One-period lagged regional spillover effect | |
| Osa | Osa | F.Osa | F.Osa | |
| Gplant | 0.2133*** (0.0506) | 0.0792 (0.1174) | 0.2569*** (0.0523) | 0.1152 (0.1278) |
| Controls | YES | YES | YES | YES |
| Firm FE | YES | YES | YES | YES |
| Year FE | YES | YES | YES | YES |
| Constant | 12.9975*** (1.0978) | 14.5858*** (1.9436) | 13.2209*** (1.1230) | 15.4058*** (1.8568) |
| N | 26629 | 24721 | 22996 | 21352 |
| R2 | 0.8835 | 0.7892 | 0.8838 | 0.7971 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| Industry spillover effect | Regional spillover effect | One-period lagged industry spillover effect | One-period lagged regional spillover effect | |
| Osa | Osa | F.Osa | F.Osa | |
| Gplant | 0.2133 | 0.0792 (0.1174) | 0.2569 | 0.1152 (0.1278) |
| Controls | ||||
| Firm | ||||
| Year | ||||
| Constant | 12.9975 | 14.5858 | 13.2209 | 15.4058 |
| 26629 | 24721 | 22996 | 21352 | |
| 0.8835 | 0.7892 | 0.8838 | 0.7971 |
Standard errors at the firm-level cluster in parentheses. *p < 0.10, **p < 0.05, ***p < 0.01
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