Exit

(1)

probit

(2)

probit

(3)

probit

(4)

probit

(5)

IV-probit

(6)

IV-probit

(7)

logit

lnreer

0.0169***

0.0163***

0.0166***

0.0164***

0.0123***

0.0080***

0.0277***

(0.0006)

(0.0008)

(0.0007)

(0.0007)

(0.0010)

(0.0016)

(0.0012)

lngdp

−0.0640***

−0.0658***

−0.0532***

−0.0278***

−0.0210***

−0.0886***

(0.0007)

(0.0007)

(0.0007)

(0.0009)

(0.0014)

(0.0011)

lngdppc

−0.0044***

−0.0053***

−0.0223***

−0.0184***

−0.0197***

−0.0373***

(0.0013)

(0.0012)

(0.0012)

(0.0017)

(0.0027)

(0.0020)

lndistance

0.0467***

0.0592***

0.0681***

0.0458***

0.0285***

0.1137***

(0.0016)

(0.0015)

(0.0015)

(0.0020)

(0.0031)

(0.0025)

tfp

−0.0039***

−0.0052***

0.0014

0.0139***

−0.0084***

(0.0011)

(0.0010)

(0.0015)

(0.0024)

(0.0018)

profit

−0.4953***

−0.4371***

−0.5816***

−0.7407***

−0.7345***

(0.0128)

(0.0124)

(0.0183)

(0.0281)

(0.0208)

lnsize

−0.0296***

−0.0166***

−0.0082***

−0.0125***

−0.0274***

(0.0007)

(0.0006)

(0.0009)

(0.0015)

(0.0011)

lnage

0.1369***

0.1017***

0.0545***

0.0479***

0.1695***

(0.0015)

(0.0014)

(0.0021)

(0.0037)

(0.0023)

exp

−0.2096***

−0.1319***

−0.2202***

(0.0021)

(0.0021)

(0.0036)

lnvalue

−0.1403***

−0.1222***

−0.1193***

−0.2365***

(0.0004)

(0.0006)

(0.0009)

(0.0007)

share

−0.4468***

−0.2659***

−0.1980***

−0.7429***

(0.0033)

(0.0045)

(0.0069)

(0.0056)

lnvariety

−0.0451***

−0.0682***

−0.0784***

−0.0754***

(0.0011)

(0.0015)

(0.0023)

(0.0018)

_cons

0.2501***

1.6406***

1.5914***

2.8872***

1.6438***

1.3602***

4.8313***

(0.0035)

(0.0216)

(0.0221)

(0.0213)

(0.0289)

(0.0446)

(0.0358)

N

3,091,342

3,091,342

3,091,342

3,091,342

1,081,054

477,032

3,091,342

Loglikelihood

−2,045,924.4

−2,038,349.8

−2,029,267.3

−1,929,833.6

1,146,568.6

311,194.52

−1,929,438.5

Wald chi2

36,097.76

49,578.34

69,414.36

242,809.83

85,432.49

37,056.22

225,413.93

Prob > chi2

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000