| Binary Logit | Binary probit | ||||
No direction | Positive distance | Negative distance | No direction | Positive distance | Negative distance | |
Dist_insti | −0.764*** (0.155) |
|
| −0.384*** (0.078) |
|
|
Dist_instiP |
| −0.863*** (0.189) |
|
| −0.454*** (0.096) |
|
Dist_instiN |
|
| −1.652*** (0.580) |
|
| −0.850*** (0.295) |
Experienced | 0.648*** (0.205) | 0.526** (0.233) | 1.066** (0.468) | 0.338*** (0.107) | 0.279** (0.122) | 0.538** (0.237) |
lngdp | 0.118* (0.071) | 0.140* (0.081) | 0.111 (0.218) | 0.054 (0.035) | 0.070* (0.040) | 0.050 (0.094) |
Trade | 0.007*** (0.002) | 0.009*** (0.003) | −0.009 (0.008) | 0.003*** (0.001) | 0.004*** (0.001) | −0.004 (0.003) |
Raw | 0.000 (0.003) | 0.007 (0.004) | −0.009 (0.007) | 0.000 (0.002) | 0.004* (0.002) | −0.004 (0.003) |
Inter | 0.021*** (0.006) | 0.021*** (0.007) | 0.020* (0.011) | 0.010*** (0.003) | 0.011*** (0.004) | 0.010* (0.005) |
Tech | −0.022** (0.010) | −0.014 (0.012) | −0.058*** (0.019) | −0.010** (0.005) | −0.005 (0.006) | −0.032*** (0.010) |
Ruralp | 0.022*** (0.008) | 0.022** (0.010) | 0.012 (0.015) | 0.010** (0.004) | 0.010** (0.005) | 0.005 (0.007) |
lnrate | −0.028 (0.043) | −0.068 (0.050) | 0.091 (0.072) | −−0.018 (0.020) | −0.035 (0.026) | 0.036 (0.034) |
lndist | 0.088 (0.189) | 0.158 (0.235) | 0.448 (0.459) | 0.046 (0.096) | 0.090 (0.125) | 0.181 (0.221) |
Sector 2 | −0.573*** (0.165) | −0.668*** (0.192) | −0.493 (0.328) | −0.282*** (0.082) | −0.331*** (0.097) | −0.251 (0.161) |
_cons | −2.237 (3.021) | −3.682 (3.451) | −3.094 (9.239) | −0.763 (1.485) | −1.788 (1.765) | −0.820 (4.103) |
Sample size | 2352 | 1611 | 741 | 2352 | 1611 | 741 |
Wald χ2 | 62.25*** | 59.11*** | 35.48*** | 58.78*** | 58.70*** | 30.87*** |
Loglikely-hood | −625.626 | −448.122 | −163.038 | −626.472 | −448.268 | −163.411 |
LR χ2 | 73.900*** | 59.95*** | 40.07*** | 72.21*** | 59.66*** | 39.32*** |