All Groups

10 - 90 percentile Firms

20 - 80 percentile Firms

(1)

(2)

(3)

(4)

(5)

(6)

Average Firm-level TFP—1-year lag

0.87*** (0.024)

0.87*** (0.026)

0.88*** (0.026)

0.87*** (0.026)

0.86*** (0.028)

0.86*** (0.025)

Labour Disputes

−0.032** (0.013)

−0.034** (0.014)

−0.040** (0.017)

Labour Disputes—1-year lag

−0.018 (0.013)

−0.020 (0.016)

−0.024 (0.019)

Labour Disputes Interacted with Group Dummies

Group 1

0.027* (0.014)

0.018 (0.015)

0.027* (0.016)

0.018 (0.017)

0.032* (0.019)

0.023 (0.021)

Group 2

0.014 (0.015)

0.0085 (0.019)

0.019 (0.016)

0.013 (0.023)

0.028 (0.019)

0.020 (0.027)

Group 3

0.028* (0.014)

0.018 (0.015)

0.029* (0.016)

0.016 (0.018)

0.034* (0.018)

0.018 (0.021)

Number of observations

1220

1225

1220

1225

1220

1225

F-statistic

154.3

123.2

139.6

129.5

106.2

119.8

Prob > F

0.00

0.00

0.00

0.00

0.00

0.00

R-squared

0.80

0.80

0.81

0.81

0.79

0.79

Root MSE

0.15

0.15

0.17

0.17

0.19

0.19