(1) tfp | (2) tfp | (3) tfp | (4) tfp | (5) tfp | |
ofdi | 2.775*** (21.16) | 1.768*** (7.63) | 0.822*** (8.32) | 0.786*** (7.95) | 0.784*** (7.84) |
Capital density | 0.000152* (2.02) | 0.000108*** (3.69) | 0.000107*** (3.66) | 0.000107*** (3.66) | |
export | 0.102 (0.66) | 0.156*** (3.40) | 0.162*** (3.54) | 0.161*** (3.54) | |
scale | −1.480*** (−10.77) | −0.937*** (−16.08) | −0.924*** (−15.91) | −0.924*** (−15.88) | |
Foreign capital | 0.805*** (5.30) | 0.114* (2.26) | 0.119* (2.38) | 0.119* (2.38) | |
Year effects | No | No | Yes | Yes | Yes |
Region effects | No | No | No | Yes | Yes |
Industry effects | No | No | No | No | Yes |
_cons | 8.226*** (97.62) | 12.33*** (27.21) | 6.763*** (29.16) | 6.727*** (29.14) | 6.727*** (29.11) |
N | 3422 | 3422 | 3422 | 3422 | 3422 |
t statistics in parentheses | |||||
*p < 0.1; **p < 0.05; ***p < 0.01 |