Table 3.
The determinants of inefficiency scores (truncated regression), DEA 3 input 2 output model
| 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 | −0.0004 | −0.00117 | 0.00024 | 0.0001 | −0.00065 | 0.00069 | 0.0001 | −0.00062 | 0.00072 |
| nofaci,t | −0.0091*** | −0.01594 | −0.00306 | −0.0095*** | −0.01642 | −0.00349 | −0.0085*** | −0.01482 | −0.00244 |
| medi | −0.1470 *** | −0.20217 | −0.08823 | −0.0987*** | −0.15826 | −0.03772 | −0.1000*** | −0.15820 | −0.04766 |
| yearfoundi | 0.0003 *** | 0.00022 | 0.00053 | 0.0008*** | 0.00061 | 0.00102 | 0.0008*** | 0.00058 | 0.00098 |
| Rev_corei,t | 0.0088*** | 0.00577 | 0.01150 | 0.0106*** | 0.00740 | 0.01333 | |||
| Womeni,t | −0.0032*** | −0.00552 | −0.00083 | ||||||
| Obs | 1245 | 945 | 896 | ||||||
* 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