Research Article
Competitive Strategy of Firms’ Participation in the Global Value Chains and Labor Income Share
Table 3
The estimate of regressions using substitute variables and methods.
| | | Substitute variables | Substitute methods | | Labor income share | GVC position | Competition strategy | Tobit | Balanced panel |
| | cs1 | 0.241 (0.0084) | 0.222 (0.0093) | 0.209 (0.0088) | 0.207 (0.0076) | 0.226 (0.0289) | | cs2 | −0.026 (0.0078) | −0.025 (0.0087) | −0.030 (0.0083) | −0.207 (0.0090) | 0.018 (0.0254) | | cs3 | 0.272 (0.0096) | 0.255 (0.0106) | 0.242 (0.0089) | 0.381 (0.0104) | 0.242 (0.0352) | | gvc | −0.133 (0.0517) | −0.163 (0.0627) | −0.160 (0.0572) | −0.135 (0.0383) | −0.261 (0.2058) | | fc | 0.504 (0.0160) | 0.568 (0.0177) | 0.630 (0.0177) | 0.993 (0.0118) | 0.675 (0.0641) | | es | 0.288 (0.0125) | 0.135 (0.0140) | 0.126 (0.0139) | 0.283 (0.0101) | −0.081 (0.0432) | | Size | −0.162 (0.0058) | −0.218 (0.0071) | −0.238 (0.0064) | −0.203 (0.0024) | −0.131 (0.0202) | | Age | 0.012 (0.0007) | 0.006 (0.0007) | 0.012 (0.0007) | 0.014 (0.0004) | 0.012 (0.0019) | | Observations | 185400 | 185400 | 185,400 | 185400 | 8632 | | Year FE | Yes | Yes | Yes | Yes | Yes | | Firm FE | Yes | Yes | Yes | Yes | Yes | | R2 | 0.041 | 0.025 | 0.038 | — | 0.059 |
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