Table 4 Innovation and the market...

Table 4

Innovation and the market structure

	Log (trade performance) LT	Log (trade performance) HTLC	Log (trade performance) HTHC
Log (innovation)	0.596*** (0.179)	0.148 (0.149)	0.138*** (0.035)
Log (apparent consumption)	0.512*** (0.238)	0.481*** (0.106)	0.227*** (0.033)
Log (capital stock)	1.879*** (0.306)	0.265** (0.120)	0.244*** (0.050)
Log (labor input)	0.308 (0.384)	−0.113 (0.220)	−0.406** (0.192)
Observations	112	112	112
R-squared	0.438	0.546	0.789

	Log (trade performance) LT	Log (trade performance) HTLC	Log (trade performance) HTHC
Log (innovation)	0.596*** (0.179)	0.148 (0.149)	0.138*** (0.035)
Log (apparent consumption)	0.512*** (0.238)	0.481*** (0.106)	0.227*** (0.033)
Log (capital stock)	1.879*** (0.306)	0.265** (0.120)	0.244*** (0.050)
Log (labor input)	0.308 (0.384)	−0.113 (0.220)	−0.406** (0.192)
Observations	112	112	112
R-squared	0.438	0.546	0.789

Note(s): * denotes significant at 10% level; ** significant at 5% level; *** significant at 1% level. HTHC, HTLC and LT stand respectively for High-Technology High Concentration, High-Technology Low Concentration and Low-Technology industries

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