The Dynamic Evolution of Overseas Market Network of Chinese Enterprises: Agglomeration or Dispersion

Table 6

Neighboring effects of export network connection on enterprise’s overseas market location selection.

	(1)		(2)		(3)
	Coefficient	Standard deviation	Coefficient	Standard deviation	Coefficient	Standard deviation
Whether to export in the previous period	290.117	(0.906)	262.310	(0.875)	231.589	(0.760)
Whether the neighboring enterprise exported in the previous period			9.262	(0.070)	10.020	(0.073)
Number of neighboring export enterprises	1.153	(0.027)	1.100	(0.026)	1.141	(0.026)
Geographic network expansion effect	−0.627	(0.005)	−0.581	(0.004)	−0.561	(0.004)
Neighboring geographical network expansion effect			0.135	(0.006)	0.113	(0.006)
(neighboring geographical network expansion effect)			−0.131	(0.004)	−0.163	(0.005)
Trade network expansion effect	1.653	(0.016)	1.104	(0.021)	0.971	(0.021)
Neighboring trade network expansion effect			1.167	(0.029)	1.188	(0.030)
(neighboring trade network expansion effect)			1.136	(0.028)	1.141	(0.027)
Number of trade connections in the previous period	0.586	(0.004)	0.549	(0.004)	0.447	(0.004)
Number of neighboring partners’ trade connections in the previous period	−0.043	(0.001)	−0.065	(0.001)	−0.054	(0.001)
Geographic search effect	12.898	(0.117)	11.927	(0.109)	10.611	(0.110)
Geographical remoteness effect	−1.554	(0.274)	−2.595	(0.258)	−5.246	(0.261)
Trade remoteness effect	1.575	(0.086)	1.438	(0.084)	1.663	(0.087)
Number of connections in neighboring communities	0.539	(0.006)	0.322	(0.006)	0.155	(0.005)
Proportion of trade connections within the community					18.127	(0.143)
The remoteness effect of neighboring trade					−1.391	(0.073)
Control variable	Control		Control		Control
Goodness of fit	0.528		0.530		0.532
Sample size	72867430		72867430		72867430

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.