Appendix C Treatment effects and levels of – statistical significance Simple South Australian firms Table A.1: Average treatment effects Simple firms – Average Treatment Effects FTE 1Y 2Y n n change change All firm sizes 4 *** 508,711 6.3 *** 411,921 Micro (Less than 5 *** 374,201 8.3 * 298,080 5) Small (5-19) 2.9 ** 100,954 4.6 *** 82,252 Medium (20-199) 3.6 *** 33,556 7.2 *** 28,589 Turnover All firm sizes 563 *** 400,053 – Micro (Less than 698 *** 288,370 – 5) Small (5-19) 457 ** 100,066 890 *** 84,492 Medium (20-199) 1554 *** 32,017 2682 *** 27,191 All firm sizes 77 ** 400,579 – Micro (Less than – – 5) Small (5-19) – – Medium (20-199) – – *** significant at 1 per cent, ** significant at 5 per cent, * significant at 10 per cent. n refers to the number of observations used in the matching exercise rather than the number of firms. Statistically insignificant ATEs are denoted by –. Source: BLADE (2001–02 to 2013–14) Author’s calculations Complex South Australian firms Table A.2: Average treatment effects Complex firms – Average Treatment Effects FTE 1Y 2Y n n growth growth All firm sizes 28.3 *** 71,527 53.7 *** 61,386 Medium (20-199) 45.5 * 18,055 – Large (200+) 111 *** 19,842 221.3 *** 17,470 Turnover
Appendix C – Treatment effects and levels of statistical significance Simple South Australian firms Table A.1: Average treatment effects – Simple firms Average Treatment Effects FTE 1Y change n 2Y change n All firm sizes 4 *** 508,711 6.3 *** 411,921 Micro (Less than 5) 5 *** 374,201 8.3 * 298,080 Small (5-19) 2.9 ** 100,954 4.6 *** 82,252 Medium (20-199) 3.6 *** 33,556 7.2 *** 28,589 Turnover All firm sizes – 563 *** 400,053 Micro (Less than 5) – 698 *** 288,370 Small (5-19) 457 ** 100,066 890 *** 84,492 Medium (20-199) 1554 *** 32,017 2682 *** 27,191 All firm sizes – 77 ** 400,579 Micro (Less than 5) – – Small (5-19) – – Medium (20-199) – – *** significant at 1 per cent, ** significant at 5 per cent, * significant at 10 per cent. n refers to the number of observations used in the matching exercise rather than the number of firms. Statistically insignificant ATEs are denoted by –. Source: BLADE (2001–02 to 2013–14) Author’s calculations Complex South Australian firms Table A.2: Average treatment effects – Complex firms Average Treatment Effects FTE 1Y growth n 2Y growth n All firm sizes 28.3 *** 71,527 53.7 *** 61,386 Medium (20-199) – 45.5 * 18,055 Large (200+) 111 *** 19,842 221.3 *** 17,470 Turnover