Table VIII.

Biprobit estimation for the joint probability of exporting and performing FDI

ExportFDIExportFDIExportFDI
Variable(1)(1)(2)(2)(3)(3)
MQI (logs)  0.401*** (0.047)0.205*** (0.073)0.360*** (0.073)0.302*** (0.107)
TFP (logs)0.200*** (0.048)0.132* (0.073)0.152*** (0.050)0.116 (0.075)0.180** (0.071)0.346*** (0.115)
Exportt−13.049*** (0.061)0.331** (0.154)2.966*** (0.072)0.247 (0.157)0.985*** (0.075)0.403 (0.140)
IEDt−10.439*** (0.136)3.526*** (0.090)0.357** (0.141)3.500*** (0.104)0.534*** (0.147)1.503*** (0.124)
Medium0.534*** (0.067)0.609*** (0.105)0.409*** (0.069)0.538*** (0.108)0.366*** (0.105)0.563*** (0.152)
Large0.520*** (0.093)0.807*** (0.117)0.248** (0.099)0.673*** (0.130)0.149** (0.172)0.824*** (0.202)
Foreign ownership0.381*** (0.145)−0.268*** (0.098)0.337** (0.140)−0.252*** (0.098)0.441* (0.245)−0.128*** (0.178)
SampleAllAllAllAllSwitchersSwitchers
No. of firms1.9831.9831.9831.983330330

Notes:

In all the regressions we have controlled for three digits manufacturing industry and for firm size. Robust standard errors (clustered by firm) are given in parentheses; *, ** and *** denote significance at the 10, 5 and 1 per cent levels, respectively

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