lnImpFilt

0.0873^***

0.0606^***

−0.0112^***

0.0191^***

0.0188^***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

lnTFP

0.178^***

0.0875^***

−0.0440^***

0.0788^***

0.0561^***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

lnCapital Intensity

−0.322^***

−0.225^***

0.0317^***

−0.0705^***

−0.0579^***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

lnSkill Intensity

0.0912^***

0.0377^***

−0.0242^***

0.0426^***

0.0350^***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

lnMarkup

0.501^***

0.411^***

−0.0339^***

0.0513^***

0.0724^***

(0.00)

(0.00)

(0.01)

(0.01)

(0.00)

lnHhi_output Def

−0.0341^***

−0.0198^***

−0.000394

−0.00787^**

−0.00603

(0.00)

(0.00)

(0.88)

(0.03)

(0.11)

is_state

−0.104^*

−0.151^***

−0.0232

0.0249

0.0447^*

(0.10)

(0.00)

(0.21)

(0.36)

(0.10)

is_foreign

−0.0649^***

−0.0369^**

0.0113^*

−0.0186^**

−0.0208^**

(0.00)

(0.03)

(0.08)

(0.05)

(0.03)

is_private

0.0529

0.0315

−0.000873

0.0198

0.00244

(0.11)

(0.23)

(0.93)

(0.17)

(0.87)

Constant

12.76^***

11.25^***

−0.362^***

0.881^***

0.997^***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Firm-fixed effect

Yes

Yes

Yes

Yes

Yes

Year-fixed effect

Yes

Yes

Yes

Yes

Yes

Observations

144,832

144,832

144,832

144,832

144,832

R-squared

0.040

0.022

0.027

0.056

0.024

Number of firm

51,538

51,538

51,538

51,538

51,538