Table 4 Heterogeneous effects.
Group by size | Group by region | |||||||
|---|---|---|---|---|---|---|---|---|
(11A) | (11B) | (11C) | (11D) | (12A) | (12B) | (12C) | (12D) | |
Paper | Paper | ESI paper | ESI paper | Paper | Paper | ESI paper | ESI paper | |
Group | Large | Small | Large | Small | East | Center and West | East | Center and West |
Treatment × Post | 0.127* (0.071) | 0.022* (0.013) | 0.329** (0.137) | 0.068** (0.028) | 0.052 (0.035) | 0.382*** (0.095) | 0.011** (0.049) | 0.686*** (0.189) |
Size | 0.215*** (0.034) | 0.281*** (0.058) | 0.177*** (0.066) | 0.308*** (0.118) | 0.216*** (0.022) | 0.402*** (0.052) | 0.245*** (0.031) | 0.341*** (0.104) |
R&D expenditure | 0.345*** (0.080) | −0.004 (0.010) | 0.422*** (0.153) | −0.001 (0.020) | 0.080** (0.032) | 0.143** (0.071) | 0.099** (0.045) | 0.146 (0.141) |
Lab | 0.230** (0.107) | 0.089*** (0.017) | 0.731*** (0.205) | −0.002 (0.035) | −0.051 (0.047) | 0.386*** (0.133) | −0.172*** (0.065) | 1.492*** (0.266) |
Age | 0.838 (5.075) | −5.066*** (1.712) | 6.006 (9.781) | −11.104*** (3.480) | −6.546*** (2.444) | 0.697 (2.197) | −4.350 (3.386) | −5.254 (4.383) |
Constant | −0.495 (1.927) | −3.080*** (0.942) | −2.817 (3.714) | −6.242*** (1.914) | −1.297*** (0.392) | −0.108 (0.128) | −0.951* (0.543) | 0.127 (0.256) |
Observations | 288 | 294 | 288 | 294 | 372 | 210 | 372 | 210 |
Individual FE | YES | YES | YES | YES | YES | YES | YES | YES |
Year FE | YES | YES | YES | YES | YES | YES | YES | YES |
