The Dynamic Evolution of Overseas Market Network of Chinese Enterprises: Agglomeration or Dispersion
Table 3
The path effect of export network connection on the enterprise’s overseas market location selection.
(1)
(2)
(3)
(4)
Whether to export in the previous period
272.385 (0.786)
213.514 (0.707)
213.387 (0.705)
212.683 (0.711)
Geographic network expansion effect
−0.357 (0.002)
0.148 (0.002)
−0.358 (0.002)
0.151 (0.002)
(geographic network expansion effect)
−0.483 (0.002)
−0.474 (0.002)
Economic network expansion effect
0.775 (0.007)
0.771 (0.007)
0.478 (0.006)
0.481 (0.006)
(economic network expansion effect)
0.326 (0.008)
0.331 (0.008)
Number of trade connections in the previous period
0.351 (0.002)
0.331 (0.002)
0.339 (0.002)
0.341 (0.002)
Geographic search effect
9.246 (0.059)
9.508 (0.060)
9.874(0.060)
10.246 (0.059)
Geographical remoteness effect
1.929 (0.144)
2.908 (0.142)
2.554 (0.144)
1.997 (0.143)
Economic remoteness effect
0.476 (0.038)
0.417 (0.039)
0.338 (0.040)
0.468 (0.037)
Control variable
Control
Control
Control
Control
Goodness of fit
0.503
0.514
0.515
0.516
Sample size
127098723
126384609
126384609
126384609
Note. ,, and represent the significance level of 10%, 5%, and 1% respectively. The clustering robust standard deviation of the estimated coefficients is given in parentheses. The estimated coefficients are all marginal effects.
