Research Article
Competitive Strategy of Firms’ Participation in the Global Value Chains and Labor Income Share
Table 8
Estimation results of the difference method.
| | | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
| | Δrp | 0.013 (0.0035) | 0.014 (0.0034) | | | | | | | Δrq | −0.177 (0.0070) | −0.180 (0.0069) | | | | | | | Δcs0 | | | −0.116 (0.0086) | | | | | | Δcs1 | | | | 0.145 (0.0093) | | | 0.182 (0.0106) | | Δcs2 | | | | | −0.133 (0.0094) | | −0.021 (0.0109) | | Δcs3 | | | | | | 0.159 (0.0107) | 0.203 (0.0121) | | Δgvc | | 0.079 (0.0835) | 0.060 (0.0838) | 0.068 (0.0838) | 0.072 (0.0838) | 0.065 (0.0838) | 0.080 (0.0835) | | Δfc | | 0.589 (0.0260) | 0.587 (0.0261) | 0.589 (0.0261) | 0.589 (0.0261) | 0.586 (0.0261) | 0.584 (0.0260) | | Δes | | 0.015 (0.0195) | 0.028 (0.0196) | 0.027 (0.0196) | 0.031 (0.0196) | 0.030 (0.0196) | 0.019 (0.0195) | | ΔSize | | −0.286 (0.0131) | −0.284 (0.0131) | −0.284 (0.0131) | −0.284 (0.0131) | −0.284 (0.0131) | −0.287 (0.0131) | | Observations | 97265 | 97265 | 97265 | 97265 | 97265 | 97265 | 97265 | | Year FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | | Firm FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | | R2 | 0.011 | 0.028 | 0.020 | 0.021 | 0.020 | 0.021 | 0.027 |
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