(1)

(2)

(3)

(4)

(5)

lnreer

0.0375***

0.0183***

0.0387***

0.0270***

0.0209***

(0.0033)

(0.0007)

(0.0031)

(0.0016)

(0.0009)

lngdp

−0.0532***

−0.0532***

−0.0533***

−0.0532***

−0.0532***

(0.0007)

(0.0007)

(0.0007)

(0.0007)

(0.0007)

lngdppc

−0.0223***

−0.0223***

−0.0224***

−0.0224***

−0.0223***

(0.0012)

(0.0012)

(0.0012)

(0.0012)

(0.0012)

lndistance

0.0684***

0.0682***

0.0689***

0.0686***

0.0686***

(0.0015)

(0.0015)

(0.0015)

(0.0015)

(0.0015)

tfp

−0.0010

−0.0053***

−0.0052***

−0.0052***

−0.0052***

(0.0012)

(0.0010)

(0.0010)

(0.0010)

(0.0010)

profit

−0.4365***

−0.3560***

−0.4382***

−0.4380***

−0.4375***

(0.0124)

(0.0154)

(0.0124)

(0.0124)

(0.0124)

lnsize

−0.0166***

−0.0167***

−0.0136***

−0.0166***

−0.0166***

(0.0006)

(0.0006)

(0.0008)

(0.0006)

(0.0006)

lnage

0.1017***

0.1016***

0.1019***

0.1085***

0.1016***

(0.0014)

(0.0014)

(0.0014)

(0.0017)

(0.0014)

exp

−0.1319***

−0.1319***

−0.1319***

−0.1320***

−0.1218***

(0.0021)

(0.0021)

(0.0021)

(0.0021)

(0.0025)

lnvalue

−0.1403***

−0.1403***

−0.1403***

−0.1403***

−0.1403***

(0.0004)

(0.0004)

(0.0004)

(0.0004)

(0.0004)

share

−0.4467***

−0.4468***

−0.4469***

−0.4468***

−0.4467***

(0.0033)

(0.0033)

(0.0033)

(0.0033)

(0.0033)

lnvariety

−0.0451***

−0.0452***

−0.0452***

−0.0451***

−0.0451***

(0.0011)

(0.0011)

(0.0011)

(0.0011)

(0.0011)

lnreer*tfplp

−0.0033***

(0.0005)

lnreer*profit

−0.0581***

(0.0065)

lnreer*lnsize

−0.0024***

(0.0003)

lnreer*lnage

−0.0049***

(0.0007)

lnreer*exp

−0.0077***

(0.0010)

_cons

2.8594***

2.8851***

2.8550***

2.8699***

2.8769***

(0.0218)

(0.0213)

(0.0218)

(0.0215)

(0.0214)

N

3,091,342

3,091,342

3,091,342

3,091,342

3,091,342

Log likelihood

−19,29812.7

−1,929,794.1

−1,929,806

−1,929,807.2

−1,929,801.2

Wald chi2

242,864.52

242,889.53

242,863.40

242,855.66

242,912.55

Prob > chi2

0.0000

0.0000

0.0000

0.0000

0.0000