Table A4.

First stage results of PSM

(1)(2)
VariablesGVC1GVC2
SIZE0.3187*** (0.0652)0.2343** (0.0925)
RD−0.1025 (0.1159)−0.0598 (0.1633)
WEB0.0321 (0.1227)0.1406 (0.1933)
TRAIN0.8089*** (0.1319)0.7651*** (0.1663)
FDI0.4315 (0.4137)0.3253 (0.468)
CONSTANT−1.6753*** (0.1609)−2.3522*** (0.2421)
PSEUDOR20.07580.0836
OBSERVATIONS1,0971,097
Note(s):

Standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors’ own work

or Create an Account

Close Modal
Close Modal