Table 2 Baseline results.
From: Foreign direct investment and the innovation performance of local enterprises
Variables | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
FI | 0.6582*** (0.1641) | 0.5606*** (0.1638) | 0.5859*** (0.1643) | 2.5032*** (0.2406) | 1.0489*** (0.2249) | 0.8168*** (0.2270) |
Size | 0.2982*** (0.0058) | 0.2981*** (0.0058) | 0.5746*** (0.0036) | 0.5745*** (0.0036) | ||
Kl | 0.0013 (0.0046) | 0.0013 (0.0046) | 0.0808*** (0.0025) | 0.0807*** (0.0025) | ||
Wage | −0.0167** (0.0066) | −0.0167** (0.0066) | 0.1407*** (0.0055) | 0.1402*** (0.0055) | ||
Age | 0.0283** (0.0129) | 0.0283** (0.0129) | 0.4467*** (0.0071) | 0.4460*** (0.0071) | ||
Subsidy | −0.0395 (0.0368) | −0.0390 (0.0368) | −0.0006*** (0.0001) | −0.0006*** (0.0001) | ||
HHI | −0.2005* (0.1044) | 1.2990*** (0.1616) | ||||
Firm FEs | Yes | Yes | Yes | No | No | No |
Year FEs | Yes | Yes | Yes | Yes | Yes | Yes |
Province FEs | Yes | Yes | Yes | Yes | Yes | Yes |
Industry FEs | No | No | No | Yes | Yes | Yes |
Observations | 783,879 | 783,879 | 783,879 | 783,878 | 783,878 | 783,878 |
R-squared | 0.009 | 0.014 | 0.014 | 0.081 | 0.155 | 0.155 |
