Table D2 Export and (all coefficients) IPC Linear FE SW FE Tobit FE IPCit −0.375 −0.336 −1.689 (0.198)* (0.128)*** (0.862)** FBi∙IPCit −2.387 −2.426 −3.182 (1.246)* (0.66)*** (1.294)** 2.40e-08 Sales −1.12e-09 (6.40e-08) (8.99e-08) 0.052 0.673 R&Dd (1.128) (3.028) R&Df −0.586 −0.579 (0.790) (2.555) R&Dc −1.445 −1.551 −8.989 (0.859) (0.582)*** (3.459)*** 0.075 0.067 0.303 OW (0.066) (0.031)** (0.193) 0.006 0.17 Age (0.067) (0.119) 2.126 10.624 IC (2.567) (8.770) 0.822 0.829 2.603 CC (0.916) (0.472)* (2.877) IF −0.014 −0.002 (0.018) (0.052) 0.008 PW −0.012 (0.022) (0.036) 0.054 0.051 0.137 NPW (0.026)* (0.01)*** (0.060)** 0.01 TW −0.013 (0.037) (0.040) 2.305 2.573 14.979 TR (1.445) (1.213)** (7.319)** Year = 2005 −1.017 (0.819) Constant −8.725 (136.289) Observations 917 917 Standard errors in parentheses. Significant at: *10%; ** 5%; *** 1%. D3
Table D2 Export and IPC (all coefficients) Linear FE SW FE Tobit FE IPCit −0.375 −0.336 −1.689 (0.198)* (0.128)*** (0.862)** FBi∙IPCit −2.387 −2.426 −3.182 (1.246)* (0.66)*** (1.294)** Sales 2.40e-08 −1.12e-09 (6.40e-08) (8.99e-08) R&Dd 0.052 0.673 (1.128) (3.028) R&Df −0.586 −0.579 (0.790) (2.555) R&Dc −1.445 −1.551 −8.989 (0.859) (0.582)*** (3.459)*** OW 0.075 0.067 0.303 (0.066) (0.031)** (0.193) Age 0.006 0.17 (0.067) (0.119) IC 2.126 10.624 (2.567) (8.770) CC 0.822 0.829 2.603 (0.916) (0.472)* (2.877) IF −0.014 −0.002 (0.018) (0.052) PW 0.008 −0.012 (0.022) (0.036) NPW 0.054 0.051 0.137 (0.026)* (0.01)*** (0.060)** TW 0.01 −0.013 (0.037) (0.040) TR 2.305 2.573 14.979 (1.445) (1.213)** (7.319)** Year = 2005 −1.017 (0.819) Constant −8.725 (136.289) Observations 917 917 Standard errors in parentheses. Significant at: *10%; ** 5%; *** 1%. D3
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