Variable | Description |
tech_ | Technical efficiency at time t |
L. tech_ | Technical efficiency at time t-1 |
log_laodong_ | Natural logarithm of labor |
log_von_ | Natural logarithm of fixed capital (assets) |
age | Years of operations |
age 2 | Years squared of operations |
age 3 | Years quadatic of operations |
equity_to_assets | Equity to total assets |
roa_ | Return on assets |
roe_ | Return on equity |
own | Dummies for types of ownership Case 1: 1 if domestic firm, 0 if FDI firm (variable: grouptwo) Case 2: 0 if domestic, 1 if FDI with 100%, 2 if SOE with FDI, and 3 if PTE with FDI (variables: group1_, group2_, group3_, group4_,) |
wage_ | Wages per person in a firm |