Table 6 Robustness – Excluding firms...

Table 6

Robustness – Excluding firms from southern regions

		Full sample	Excluding south	Full sample	Excluding south
		(1)	(2)	(3)	(4)
(ln) No. Training programs	t−1	0.0114***	0.0092**
		(0.004)	(0.004)
	t−2	0.0193***	0.0170***
		(0.004)	(0.004)
	t−3	0.0179***	0.0165***
		(0.004)	(0.005)
(ln) Training hours (p. c.)	t−1			0.0010	0.0009
				(0.004)	(0.005)
	t−2			0.0068	0.0071
				(0.004)	(0.005)
	t−3			−0.0036	−0.0039
				(0.005)	(0.005)
Other controls		yes	yes	yes	yes
R-squared		0.054	0.054	0.052	0.052
Observations		70,695	65,445	70,695	65,445

		Full sample	Excluding south	Full sample	Excluding south
		(1)	(2)	(3)	(4)
(ln) No. Training programs	t−1	0.0114***	0.0092**
		(0.004)	(0.004)
	t−2	0.0193***	0.0170***
		(0.004)	(0.004)
	t−3	0.0179***	0.0165***
		(0.004)	(0.005)
(ln) Training hours (p. c.)	t−1			0.0010	0.0009
				(0.004)	(0.005)
	t−2			0.0068	0.0071
				(0.004)	(0.005)
	t−3			−0.0036	−0.0039
				(0.005)	(0.005)
Other controls		yes	yes	yes	yes
R-squared		0.054	0.054	0.052	0.052
Observations		70,695	65,445	70,695	65,445

Note(s): IVH estimates. Other controls include (lagged from t−1 to t−3, and in natural logarithm): Value Added, Firm's age, Tot. Intangible assets, Total liabilities, Unit labour cost, Employees, TFP. Extended tables are reported in the Appendix. Sectoral fixed effects (NACE 2-digit) and year are always included. Lewbel IV includes an exogenous instrumental variable (see Section 4.2). Significance levels: *p < 0.1; **p < 0.05; ***p < 0.01

Source(s): Authors’ own work

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