Research Article
Competitive Strategy of Firms’ Participation in the Global Value Chains and Labor Income Share
Table 5
The estimated results of regressions on subsamples classified by product category and total factor productivity.
| | | Export product category | Total factor productivity | | Intermediates | Consumer goods | Capital goods | Low | Medium | High |
| | cs1 | 0.214 (0.0131) | 0.234 (0.0162) | 0.185 (0.0293) | 0.160 (0.0237) | 0.105 (0.0175) | 0.090 (0.0183) | | cs2 | −0.031 (0.0120) | −0.020 (0.0167) | −0.000 (0.0222) | 0.021 (0.0305) | −0.015 (0.0168) | −0.028 (0.0128) | | cs3 | 0.248 (0.0161) | 0.249 (0.0170) | 0.232 (0.0344) | 0.171 (0.0233) | 0.141 (0.0204) | 0.083 (0.0322) | | gvc | −0.082 (0.0797) | −0.327 (0.1018) | −0.136 (0.1911) | −0.240 (0.1212) | −0.235 (0.1114) | −0.196 (0.1053) | | fc | 0.679 (0.0263) | 0.552 (0.0275) | 0.707 (0.0593) | 0.556 (0.0388) | 0.506 (0.0354) | 0.704 (0.0327) | | es | 0.077 (0.0214) | 0.170 (0.0208) | 0.075 (0.0483) | 0.063 (0.0272) | 0.065 (0.0265) | 0.118 (0.0294) | | Size | −0.234 (0.0092) | −0.243 (0.0108) | −0.206 (0.0195) | −0.209 (0.0157) | −0.108 (0.0135) | −0.195 (0.0115) | | Age | 0.011 (0.0010) | 0.014 (0.0014) | 0.011 (0.0020) | 0.014 (0.0016) | 0.015 (0.0013) | 0.016 (0.0014) | | Observations | 91108 | 75339 | 18864 | 61800 | 61800 | 61800 | | Year FE | Yes | Yes | Yes | Yes | Yes | Yes | | Firm FE | Yes | Yes | Yes | Yes | Yes | Yes | | R2 | 0.040 | 0.042 | 0.033 | 0.020 | 0.028 | 0.035 |
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