cu

land

(1)

(2-1)

(2-2)

(3-1)

(3-2)

land

1.770^***

(0.377)

landm

0.333

(0.205)

4.116^***

(1.365)

0.025^*

(0.014)

0.327^***

(0.093)

landm²

0.042^***

(0.013)

0.003^***

(0.001)

lnfirmage

1.206^**

(0.582)

0.727

(0.556)

0.727

(0.556)

−0.017

(0.038)

−0.017

(0.038)

lntotalsale

0.397^**

(0.186)

0.365^**

(0.181)

0.365^**

(0.181)

0.035^***

(0.012)

0.035^***

(0.012)

export

0.019

(0.014)

0.036^***

(0.013)

0.036^***

(0.013)

0.001

(0.001)

0.001

(0.001)

educ

0.001

(0.011)

0.013

(0.012)

0.013

(0.012)

0.002^**

(0.001)

0.002^**

(0.001)

lnk

0.577^***

(0.190)

−0.033

(0.210)

−0.033

(0.210)

−0.004

(0.014)

−0.004

(0.014)

capital

1.446^**

(0.624)

0.519

(1.449)

0.519

(1.449)

−0.187^*

(0.098)

−0.187^*

(0.098)

city

0.144^***

(0.043)

constant

65.804^***

(3.787)

63.639^***

(10.518)

19.436

(33.767)

0.107

(0.714)

6.525^***

(2.295)

city

N

Y

Y

Y

Y

industry

Y

Y

Y

Y

Y

N

1200

1202

1202

1210

1210

R²

0.067

0.181

0.181

0.344

0.344

adj. R²

0.045

0.146

0.146

0.315

0.315