Services Development and Comparative Advantage in Manufacturing
Figures and Tables
Table 3A
Table 3A: Robustness check (1), alternative measure of services development (services value added per worker)
|
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
Df
|
0.050 (0.076) |
|
|
|
|
|
|
Df*SIIf |
3.667** |
|
|
3.992** |
|
|
|
|
(1.690) |
|
|
(1.948) |
|
|
|
Db
|
|
0.106 (0.068) |
|
|
|
|
|
Db*SIIb |
|
1.237** |
|
|
1.247** |
|
|
|
|
(0.574) |
|
|
(0.621) |
|
|
Dfb
|
|
|
0.132* (0.079) |
|
|
|
|
Dfb*SIIfb |
|
|
1.125** |
|
|
1.160** |
|
|
|
|
(0.457) |
|
|
(0.504) |
|
log(GDP/capita) |
-0.221 |
-0.320** |
-0.428** |
|
|
|
|
|
(0.168) |
(0.163) |
(0.170) |
|
|
|
|
TFP |
0.069*** |
0.062*** |
0.063*** |
0.063** |
0.062** |
0.062** |
|
|
(0.022) |
(0.021) |
(0.021) |
(0.029) |
(0.029) |
(0.029) |
|
log(emp) |
0.937*** |
0.934*** |
0.939*** |
0.953*** |
0.950*** |
0.955*** |
|
|
(0.093) |
(0.092) |
(0.093) |
(0.100) |
(0.099) |
(0.100) |
|
SKratio |
0.586 |
0.512 |
0.514 |
0.788 |
0.708 |
0.689 |
|
|
(0.629) |
(0.630) |
(0.629) |
(0.823) |
(0.822) |
(0.823) |
|
K/L |
0.069*** |
0.068*** |
0.069*** |
0.070*** |
0.069*** |
0.070*** |
|
|
(0.026) |
(0.025) |
(0.025) |
(0.026) |
(0.025) |
(0.026) |
|
rwage |
-0.002 |
-0.000 |
-0.000 |
-0.001 |
-0.001 |
-0.001 |
|
|
(0.007) |
(0.007) |
(0.007) |
(0.008) |
(0.008) |
(0.008) |
|
GVC Participation |
2.428*** |
2.433*** |
2.425*** |
2.530*** |
2.512*** |
2.506*** |
|
|
(0.445) |
(0.443) |
(0.442) |
(0.495) |
(0.490) |
(0.490) |
|
Country FEs |
Yes |
Yes |
Yes |
|
|
|
|
Sector FEs |
Yes |
Yes |
Yes |
|
|
|
|
Year FEs |
Yes |
Yes |
Yes |
|
|
|
|
Country*Year FEs |
|
|
|
Yes |
Yes |
Yes |
|
Sector*Year FEs |
|
|
|
Yes |
Yes |
Yes |
|
Observations |
5,674 |
5,674 |
5,674 |
5,674 |
5,674 |
5,674 |
|
R-squared |
0.573 |
0.574 |
0.576 |
0.591 |
0.591 |
0.592 |
Notes: The dependent variable is manufacturing export RCA. Df (Db) refers to the share of financial (business) services value added per worker. Dfb is the services value added per worker for both financial and business services sectors combined. SIIf (SIIb) is the ratio of the U.S. embodied domestic financial (business) services to U.S.’ manufacturing value added, averaged over 1995-2007. SIIfb is the combined measure for both financial and business services. All WIOD manufacturing sectors 3-16 are covered (not grouped together). Robust standard errors in parentheses, clustered by country*sector. *** p<0.01, ** p<0.05, * p<0.1.