Variable

Treated Group

Control Group

t-Test

Mean

Std.Dev

obs.

Mean

Std.Dev

Obs.

Diff. in Mean

TFP

5.4770

0.7747

13,394

5.0424

0.6397

11,114

0.4346 ***

Output

11.3742

1.6736

13,403

10.3038

1.2447

11,145

1.0704 ***

Employment

5.8602

1.2665

13,403

4.7872

1.0330

11,155

1.0730 ***

Capital Per Worker

3.6122

1.3582

13,395

3.3314

1.3751

11,125

0.2808 ***

Wage Per Worker

2.9540

0.5640

13,403

2.8208

0.5951

11,151

0.1332 ***

Intermediate Inputs

11.0364

1.7199

13,402

9.9205

1.3541

11,142

1.1158 ***

Firm Age

9.2205

6.2005

13,403

9.1978

7.5904

11,155

0.0227