Innovation and the market structure
| Log (trade performance) LT | Log (trade performance) HTLC | Log (trade performance) HTHC | |
|---|---|---|---|
| Log (innovation) | 0.596*** (0.179) | −0.554*** (0.114) | 0.138*** (0.035) |
| Log (apparent consumption) | 0.512*** (0.238) | 0.764*** (0.079) | 0.227*** (0.033) |
| Log (capital stock) | 1.879*** (0.306) | 0.357*** (0.085) | 0.244*** (0.050) |
| Log (labor input) | 0.308 (0.384) | 0.244 (0.156) | −0.406** (0.192) |
| Observations | 112 | 112 | 112 |
| R-squared | 0.438 | 0.671 | 0.789 |
| Log (trade performance) LT | Log (trade performance) HTLC | Log (trade performance) HTHC | |
|---|---|---|---|
| Log (innovation) | 0.596*** (0.179) | −0.554*** (0.114) | 0.138*** (0.035) |
| Log (apparent consumption) | 0.512*** (0.238) | 0.764*** (0.079) | 0.227*** (0.033) |
| Log (capital stock) | 1.879*** (0.306) | 0.357*** (0.085) | 0.244*** (0.050) |
| Log (labor input) | 0.308 (0.384) | 0.244 (0.156) | −0.406** (0.192) |
| Observations | 112 | 112 | 112 |
| 0.438 | 0.671 | 0.789 |
Note(s): * denotes significant at 10% level; ** significant at 5% level; *** significant at 1% level
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