First stage results of PSM
| (1) | (2) | |
|---|---|---|
| Variables | GVC1 | GVC2 |
| SIZE | 0.3187*** (0.0652) | 0.2343** (0.0925) |
| RD | −0.1025 (0.1159) | −0.0598 (0.1633) |
| WEB | 0.0321 (0.1227) | 0.1406 (0.1933) |
| TRAIN | 0.8089*** (0.1319) | 0.7651*** (0.1663) |
| FDI | 0.4315 (0.4137) | 0.3253 (0.468) |
| CONSTANT | −1.6753*** (0.1609) | −2.3522*** (0.2421) |
| PSEUDOR2 | 0.0758 | 0.0836 |
| OBSERVATIONS | 1,097 | 1,097 |
| (1) | (2) | |
|---|---|---|
| Variables | GVC1 | GVC2 |
| 0.3187 | 0.2343 | |
| −0.1025 (0.1159) | −0.0598 (0.1633) | |
| 0.0321 (0.1227) | 0.1406 (0.1933) | |
| 0.8089 | 0.7651 | |
| 0.4315 (0.4137) | 0.3253 (0.468) | |
| CONSTANT | −1.6753 | −2.3522 |
| 0.0758 | 0.0836 | |
| OBSERVATIONS | 1,097 | 1,097 |
Standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1
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