Binary Logit

Binary probit

No direction

Positive distance

Negative

distance

No direction

Positive distance

Negative distance

Dist_insti

−0.764***

(0.155)

−0.384***

(0.078)

Dist_instiP

−0.863***

(0.189)

−0.454***

(0.096)

Dist_instiN

−1.652***

(0.580)

−0.850***

(0.295)

Experienced

0.648***

(0.205)

0.526**

(0.233)

1.066**

(0.468)

0.338***

(0.107)

0.279**

(0.122)

0.538**

(0.237)

lngdp

0.118*

(0.071)

0.140*

(0.081)

0.111

(0.218)

0.054

(0.035)

0.070*

(0.040)

0.050

(0.094)

Trade

0.007***

(0.002)

0.009***

(0.003)

−0.009

(0.008)

0.003***

(0.001)

0.004***

(0.001)

−0.004

(0.003)

Raw

0.000

(0.003)

0.007

(0.004)

−0.009

(0.007)

0.000

(0.002)

0.004*

(0.002)

−0.004

(0.003)

Inter

0.021***

(0.006)

0.021***

(0.007)

0.020*

(0.011)

0.010***

(0.003)

0.011***

(0.004)

0.010*

(0.005)

Tech

−0.022**

(0.010)

−0.014

(0.012)

−0.058***

(0.019)

−0.010**

(0.005)

−0.005

(0.006)

−0.032***

(0.010)

Ruralp

0.022***

(0.008)

0.022**

(0.010)

0.012

(0.015)

0.010**

(0.004)

0.010**

(0.005)

0.005

(0.007)

lnrate

−0.028

(0.043)

−0.068

(0.050)

0.091

(0.072)

−−0.018

(0.020)

−0.035

(0.026)

0.036

(0.034)

lndist

0.088

(0.189)

0.158

(0.235)

0.448

(0.459)

0.046

(0.096)

0.090

(0.125)

0.181

(0.221)

Sector 2

−0.573***

(0.165)

−0.668***

(0.192)

−0.493

(0.328)

−0.282***

(0.082)

−0.331***

(0.097)

−0.251

(0.161)

_cons

−2.237

(3.021)

−3.682

(3.451)

−3.094

(9.239)

−0.763

(1.485)

−1.788

(1.765)

−0.820

(4.103)

Sample size

2352

1611

741

2352

1611

741

Wald χ²

62.25***

59.11***

35.48***

58.78***

58.70***

30.87***

Loglikely-hood

−625.626

−448.122

−163.038

−626.472

−448.268

−163.411

LR χ²

73.900***

59.95***

40.07***

72.21***

59.66***

39.32***