Table 1.
Impact of financial support on productivity and its decomposition.
| VARIABLES | TFPE | OTE | OSE | RME |
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| Financial support | −0.002 | −0.017 | 0.002 | 0.011 |
| (0.010) | (0.011) | (0.004) | (0.013) | |
| Ln firm size | 0.042*** | 0.030*** | 0.043*** | 0.031*** |
| (0.003) | (0.003) | (0.002) | (0.004) | |
| Ln firm age | −0.033*** | −0.039*** | −0.005*** | −0.014** |
| (0.004) | (0.005) | (0.002) | (0.006) | |
| Innovation | 0.015*** | 0.011* | −0.003 | 0.014* |
| (0.005) | (0.006) | (0.002) | (0.008) | |
| Export | 0.036*** | 0.057*** | −0.055*** | 0.015 |
| (0.013) | (0.014) | (0.007) | (0.016) | |
| Low tech sectors | −0.036*** | −0.017*** | 0.003 | −0.053*** |
| (0.005) | (0.006) | (0.002) | (0.007) | |
| Year 2013 | −0.002 | 0.018** | −0.005* | −0.029*** |
| (0.006) | (0.007) | (0.003) | (0.009) | |
| Year 2015 | 0.001 | 0.013* | −0.004 | −0.004 |
| (0.006) | (0.007) | (0.003) | (0.009) | |
| Constant | 0.319*** | 0.482*** | 0.887*** | 0.733*** |
| (0.013) | (0.016) | (0.007) | (0.019) | |
| Observations | 4382 | 4382 | 4382 | 4382 |
| R-squared | 0.138 | 0.068 | 0.242 | 0.048 |
Notes: Robust standard errors are in parentheses. *, **, *** statistically significant at 10%, 5%, 1% respectively. The base categories are medium-high tech sectors, year 2011.