Table 5 Unconditional and conditional DiD estimates with company-level pact (CLP) effects; dependent variable: logarithm of sales—lnY
Unconditional | Conditional | |
|---|---|---|
lnL | 0.9423 | |
(166.03) | ||
lnK | 0.2211 | |
(53.37) | ||
CLP | 3.1152 | 0.0951 |
(35.91) | (2.36) | |
D2009 | 0.0597 | 0.0216 |
(2.25) | (1.54) | |
CLP∗D2009 | −0.3029 | 0.0400 |
(−2.90) | (0.84) | |
n | 31,985 | 20,490 |
R 2 | 0.101 | 0.841 |