Research Article
Competitive Strategy of Firms’ Participation in the Global Value Chains and Labor Income Share
Table 2
Benchmark estimate results.
| | | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
| | Rp | 0.021 (0.0026) | 0.021 (0.0026) | | | | | | | Rq | −0.230 (0.0048) | −0.217 (0.0048) | | | | | | | cs0 | | | −0.096 (0.0078) | | | | | | cs1 | | | | 0.138 (0.0066) | | | 0.214 (0.0093) | | cs2 | | | | | −0.153 (0.0070) | | −0.026 (0.0087) | | cs3 | | | | | | 0.114 (0.0085) | 0.241 (0.0106) | | gvc | | −0.166 (0.0570) | −0.197 (0.0574) | −0.190 (0.0574) | −0.192 (0.0574) | −0.197 (0.0574) | −0.162 (0.0572) | | fc | | 0.617 (0.0176) | 0.634 (0.0178) | 0.632 (0.0177) | 0.633 (0.0177) | 0.634 (0.0178) | 0.629 (0.0177) | | es | | 0.111 (0.0138) | 0.143 (0.0139) | 0.136 (0.0139) | 0.139 (0.0139) | 0.145 (0.0139) | 0.126 (0.0139) | | Size | | −0.207 (0.0064) | −0.245 (0.0064) | −0.245 (0.0064) | −0.244 (0.0064) | −0.244 (0.0064) | −0.239 (0.0064) | | Age | | 0.015 (0.0007) | 0.012 (0.0007) | 0.012 (0.0007) | 0.012 (0.0007) | 0.012 (0.0007) | 0.012 (0.0007) | | Observations | 185400 | 185400 | 185400 | 185400 | 185400 | 185400 | 185400 | | Year FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | | Firm FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | | R2 | 0.020 | 0.045 | 0.029 | 0.031 | 0.032 | 0.029 | 0.038 |
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, , and respectively, indicate significance at 1%, 5%, and 10%. The values in the bracket indicate the standard error, the same below. |
