Market Structure, International Competitiveness, and Price Formation of Hainan’s Fruit Exports
Table 7
Estimation of all models.
Variable
OLS
MLE
Bilateral stochastic boundary model
Cost
0.182 (0.049)
0.169 (0.007)
0.173 (0.144)
0.102 (0.0002)
0.096 (0.00006)
0.098 (0.00004)
Quality
0.491 (0.050)
0.203 (0.003)
0.185 (0.504)
0.091 (0.0001)
0.175 (0.0001)
0.182 (0.00008)
ER
−0.083 (−0.007)
−0.152 (−0.008)
−0.127 (−0.015)
−0.124 (−0.0002)
−0.094 (−0.0002)
−0.073 (−0.0003)
CP
0.746 (0.382)
0.501 (0.029)
0.652 (0.068)
0.726 (0.0005)
0.251 (0.002)
0.190 (0.0004)
Constant
0.029 (0.015)
0.017 (0.0001)
0.065 (0.035)
0.010 (0.00004)
0.162 (0.00007)
0.155 (0.00007)
Country dummy
No
No
No
Yes
No
Yes
Year dummy
No
No
No
No
Yes
Yes
Adjusted R2
0.592
No
No
No
No
No
Log likelihood
No
−194.762
138.825
129.035
257.492
140.267
LR (Chi2)
No
No
241.687
490.462
523.092
553.634
value
No
No
0.000
0.000
0.000
0.000
OLS: ordinary least squares; MLE: maximum likelihood estimation; LR: likelihood ratio;, R2: coefficient of determination. ,, and denote significance at ,, and levels, respectively.
