Table 11.
Robustness check: the determinants of inefficiency scores—double bootstrap procedure, DEA 3 input 2 output
| Variables | (1) Bias-adjusted coefficients | 95% Bootstrap confidence intervals | (2) Bias-adjusted coefficients | 95% Bootstrap confidence intervals | (3) Bias-adjusted coefficients | 95% Bootstrap confidence intervals | |||
|---|---|---|---|---|---|---|---|---|---|
| Low | High | Low | High | Low | High | ||||
| GDPn,t | −0.0005 | −0.00119 | 0.00020 | 0.0003 | −0.00048 | 0.00084 | 0.0003 | −0.00038 | 0.00088 |
| nofaci,t | −0.0099*** | −0.01638 | −0.00328 | −0.0099*** | −0.01673 | −0.00322 | −0.0075*** | −0.01391 | −0.00119 |
| medi | −0.1678*** | −0.22174 | −0.10921 | −0.1192*** | −0.17812 | −0.05848 | −0.1218*** | −0.17899 | −0.06505 |
| yearfoundi | 0.0003*** | 0.00019 | 0.00049 | 0.0007*** | 0.00052 | 0.00093 | 0.0006*** | 0.00045 | 0.00086 |
| Rev_corei,t | 0.0109*** | 0.00809 | 0.01365 | 0.0118*** | 0.00896 | 0.01461 | |||
| Womeni,t | −0.0024* | −0.00462 | 0.00003 | ||||||
| Obs | 1295 | 971 | 919 | ||||||
* Value of zero does not fall within 90% confidence interval, ** Value of zero does not fall within 95% confidence interval, *** Value of zero does not fall within 99% confidence interval. Confidence intervals obtained from 1000 bootstraping interactions
Constants are not reported. Year and country dummies included in all models
Source Own calculations