| ∆ Log LP | ||
---|---|---|---|
 | (1) | (2) | (3) |
 | POLS | FE | IV |
∆ Log K/L | 0.294 (0.038)*** | 0.343 (0.037)*** | 0.236 (0.019)*** |
∆ Log ProductivityL | 0.101 (0.018)*** | 0.135 (0.021)*** | – |
Log Relative Productivity | −0.023 (0.008)*** | −0.030 (0.008)** | −0.022 (0.011)** |
EPL | 0.008 (0.003)** | 0.008 (0.008) | 0.006 (0.003)** |
EPL*FJR | −0.100 (0.048)** | −0.116 (0.057)** | −0.082 (0.038)** |
TE | −0.039 (0.018)** | −0.066 (0.024)*** | −0.062 (0.036)* |
TE*SSII | −0.054 (0.017)*** | −0.067 (0.022)*** | −0.088 (0.019)*** |
TUD | −0.001 (0.001)_ | −0.003 (0.001)*** | −0.005 (0.003)* |
PMR | −0.001 (0.000)** | −0.001 (0.001)_ | −0.009 (0.002)*** |
CONSTANT | 0.012 (0.005)** | – | – |
COUNTRY DUMMIES | NO | YES | YES |
YEAR DUMMIES | NO | YES | YES |
SECTOR DUMMIES | NO | NO | YES |
Endogeneity Testa | – | – | p-val = 0.01 |
F-statisticsb | – | – | 30.983 |
Observations | 1500 | 1500 | 1500 |
R-squared | 0.189 | 0.246 | 0.511 |