Table 1 Shapley decomposition... | Emerald Publishing

Table 1

Shapley decomposition (percentage of R-squared) for full regression models

	Ln(wages/worker)			Ln(wages and benefits/worker)			Ln(formality adjusted wages/worker)
	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog
Prod. main effect	28.9	26.0	25.0	28.2	25.1	24.0	20.3	17.2	16.1
Prod. main effect	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Imperf. comp. main effects	17.1	22.0	25.3	18.3	23.6	27.2	30.1	35.7	38.6
Imperf. comp. main effects	(0.3)	(0.6)	(0.6)	(0.3)	(0.5)	(0.5)	(0.5)	(0.5)	(0.5)
Effic. wage main effects	10.6	12.4	13.4	10.7	12.8	13.7	16.9	19.5	20.5
Effic. wage main effects	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Imperf. comp. int. with prod.	20.7	18.6	17.0	20.6	18.3	16.6	16.2	13.5	12.0
Imperf. comp. int. with prod.	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Effic. wage int. with prod.	22.7	20.9	19.3	22.2	20.2	18.5	16.4	14.2	12.9
Effic. wage int. with prod.	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
N	108,195	108,195	108,195	108,195	108,195	108,195	108,195	108,195	108,195
R-squared	0.293	0.290	0.291	0.307	0.305	0.306	0.353	0.352	0.352

	Ln(wages/worker)			Ln(wages and benefits/worker)			Ln(formality adjusted wages/worker)
	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog	ln (Y/L)	TFP: Cobb-Douglas	TFP: Translog
Prod. main effect	28.9	26.0	25.0	28.2	25.1	24.0	20.3	17.2	16.1
Prod. main effect	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Imperf. comp. main effects	17.1	22.0	25.3	18.3	23.6	27.2	30.1	35.7	38.6
Imperf. comp. main effects	(0.3)	(0.6)	(0.6)	(0.3)	(0.5)	(0.5)	(0.5)	(0.5)	(0.5)
Effic. wage main effects	10.6	12.4	13.4	10.7	12.8	13.7	16.9	19.5	20.5
Effic. wage main effects	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Imperf. comp. int. with prod.	20.7	18.6	17.0	20.6	18.3	16.6	16.2	13.5	12.0
Imperf. comp. int. with prod.	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
Effic. wage int. with prod.	22.7	20.9	19.3	22.2	20.2	18.5	16.4	14.2	12.9
Effic. wage int. with prod.	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.3)	(0.2)	(0.2)	(0.2)
N	108,195	108,195	108,195	108,195	108,195	108,195	108,195	108,195	108,195
R-squared	0.293	0.290	0.291	0.307	0.305	0.306	0.353	0.352	0.352

Note(s): All shares significantly different from zero, significance not shown

Source(s): Based on full regression models in Table A3