New product and productivity
| Variable | Prod (25th) | Prod (50th) | Prod (75th) |
|---|---|---|---|
| Finance | 0.3187** (1.9819) | 0.3561* (1.8414) | 0.2603 (1.2968) |
| Crime | −0.0236 (−0.1499) | −0.3213* (−1.6978) | −0.237 (−1.2065) |
| New product | 0.5299* (1.7154) | 0.2545 (0.6849) | −0.0405 (−0.1051) |
| Region | 1.0043*** (8.2254) | 0.7682*** (5.231) | 0.3793** (2.4888) |
| Human capital | 0.0078*** (3.9599) | 0.0089*** (3.735) | 0.0058** (2.3334) |
| Age | −0.0005* (−1.7316) | −0.0005 (−1.2393) | 0.0001 (0.1561) |
| Market share | 0.0051** (2.2615) | 0.0045* (1.6611) | 0.0039 (1.3685) |
| Constant | 10.1039*** (60.164) | 11.2143*** (55.5213) | 12.5024*** (59.6389) |
| Variable | Prod (25th) | Prod (50th) | Prod (75th) |
|---|---|---|---|
| Finance | 0.3187** (1.9819) | 0.3561* (1.8414) | 0.2603 (1.2968) |
| Crime | −0.0236 (−0.1499) | −0.3213* (−1.6978) | −0.237 (−1.2065) |
| New product | 0.5299* (1.7154) | 0.2545 (0.6849) | −0.0405 (−0.1051) |
| Region | 1.0043*** (8.2254) | 0.7682*** (5.231) | 0.3793** (2.4888) |
| Human capital | 0.0078*** (3.9599) | 0.0089*** (3.735) | 0.0058** (2.3334) |
| Age | −0.0005* (−1.7316) | −0.0005 (−1.2393) | 0.0001 (0.1561) |
| Market share | 0.0051** (2.2615) | 0.0045* (1.6611) | 0.0039 (1.3685) |
| Constant | 10.1039*** (60.164) | 11.2143*** (55.5213) | 12.5024*** (59.6389) |
Note(s): t-statistics are in parenthesis. *, ** and *** indicate significance at the 10, 5 and 1% levels, respectively
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