| Binary Logit | Binary Probit | ||||
No direction | Positive distance | Negative distance | No direction | Positive distance | Negative distance | |
Dist_insti*EXP | −0.196 (0.234) | −0.178 (0.305) | 3.771* (1.947) | −0.083 (0.124) | −0.081 (0.159) | 2.307** (1.000) |
Dist_insti | −0.774*** (0.156) | −0.871*** (0.189) | −1.796*** (0.623) | −0.386*** (0.078) | −0.457*** (0.096) | −0.955*** (0.311) |
Experienced | 0.733*** (0.224) | 0.644** (0.306) | 2.946** (1.161) | 0.370*** (0.116) | 0.329** (0.156) | 1.723*** (0.608) |
lngdp | 0.118* (0.072) | 0.140* (0.081) | 0.100 (0.217) | 0.054 (0.035) | 0.070* (0.040) | 0.048 (0.093) |
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*** (0.007) | 0.021*** (0.007) | 0.019* (0.011) | 0.010*** (0.003) | 0.011*** (0.004) | 0.010* (0.005) |
Tech | −0.022** (0.010) | −0.014 (0.012) | −0.056*** (0.020) | −0.010** (0.005) | −0.005 (0.006) | −0.031*** (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 | −0.029 (0.043) | −0.069 (0.050) | 0.088 (0.074) | −0.018 (0.020) | −0.035 (0.026) | 0.035 (0.034) |
lndist | 0.083 (0.190) | 0.155 (0.237) | 0.542 (0.473) | 0.044 (0.096) | 0.090 (0.125) | 0.222 (0.223) |
Sector | −0.569*** (0.165) | −0.668*** (0.192) | −0.477 (0.332) | −0.281*** (0.082) | −0.331*** (0.097) | −0.243 (0.161) |
_cons | −2.860 (3.036) | −4.229 (3.451) | −6.163 (9.360) | −1.081 (1.493) | −2.081 (1.766) | −2.580 (4.141) |
Sample size | 2352 | 1611 | 741 | 2352 | 1611 | 741 |
Wald χ2 | 61.32*** | 58.68*** | 36.22*** | 58.06*** | 58.05*** | 34.85*** |
Loglikely-hood | −625.288 | −447.947 | −160.847 | −626.252 | −448.134 | −160.747 |
LR χ2 | 74.58*** | 60.30*** | 44.45*** | 72.65*** | 59.93*** | 44.65*** |