Pooled OLS estimates (the dependent variable is trade performance)
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Log (innovation) | 0.064*** (0.017) | 0.257*** (0.076) | −0.601*** (0.148) | 0.468** (0.228) |
| Log (apparent consumption) | 0.090*** (0.017) | 0.677*** (0.093) | 1.027*** (0.144) | 2.346*** (0.360) |
| Log (capital stock) | −0.088*** (0.029) | −0.481*** (0.118) | 0.363** (0.138) | −1.259*** (0.370) |
| Log (labor input) | 0.135*** (0.030) | 0.198 (0.217) | 0.869*** (0.239) | −0.578 (0.708) |
| Observations | 165 | 216 | 130 | 104 |
| Group | France–Germany | Italy–Austria | Spain– the Netherland | The United Kingdom–Finland |
| R-squared | 0.330 | 0.345 | 0.385 | 0.525 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Log (innovation) | 0.064*** (0.017) | 0.257*** (0.076) | −0.601*** (0.148) | 0.468** (0.228) |
| Log (apparent consumption) | 0.090*** (0.017) | 0.677*** (0.093) | 1.027*** (0.144) | 2.346*** (0.360) |
| Log (capital stock) | −0.088*** (0.029) | −0.481*** (0.118) | 0.363** (0.138) | −1.259*** (0.370) |
| Log (labor input) | 0.135*** (0.030) | 0.198 (0.217) | 0.869*** (0.239) | −0.578 (0.708) |
| Observations | 165 | 216 | 130 | 104 |
| Group | France–Germany | Italy–Austria | Spain– the Netherland | The United Kingdom–Finland |
| 0.330 | 0.345 | 0.385 | 0.525 |
Note(s): * denotes significant at 10% level; ** significant at 5% level; *** significant at 1% level. Numbers in parentheses indicate robust standard errors
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