Services Development and Comparative Advantage in Manufacturing
Figures and Tables
Table 5B
Table 5B: Effects of embodied foreign services on manufacturing export RCA, for LESS services intensive manufacturing sectors
|
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
Df
|
0.359 (4.761) |
|
|
|
|
|
|
forshf |
-0.233 |
|
|
-1.231 |
|
|
|
|
(0.560) |
|
|
(1.549) |
|
|
|
Df*forshf |
-2.248 |
|
|
15.603 |
|
|
|
|
(9.165) |
|
|
(25.722) |
|
|
|
Db
|
|
9.509** (4.404) |
|
|
|
|
|
forshb |
|
-0.525 |
|
|
-0.390 |
|
|
|
|
(0.589) |
|
|
(0.984) |
|
|
Db*forshb |
|
-13.422* |
|
|
-17.385 |
|
|
|
|
(7.452) |
|
|
(14.001) |
|
|
Dfb
|
|
|
4.016 (3.735) |
|
|
|
|
forshfb |
|
|
-0.120 |
|
|
0.334 |
|
|
|
|
(0.786) |
|
|
(1.844) |
|
Dfb*forshfb |
|
|
-6.610 |
|
|
-10.217 |
|
|
|
|
(5.555) |
|
|
(15.852) |
|
log(GDP/capita) |
0.371 |
0.284 |
0.325 |
|
|
|
|
|
(0.273) |
(0.250) |
(0.260) |
|
|
|
|
TFP |
0.058** |
0.056** |
0.057** |
0.067* |
0.057 |
0.064* |
|
|
(0.028) |
(0.028) |
(0.028) |
(0.038) |
(0.035) |
(0.036) |
|
log(emp) |
0.959*** |
0.931*** |
0.940*** |
0.966*** |
0.944*** |
0.963*** |
|
|
(0.155) |
(0.162) |
(0.158) |
(0.169) |
(0.183) |
(0.177) |
|
SKratio |
0.196 |
0.226 |
0.187 |
0.147 |
0.152 |
0.153 |
|
|
(0.653) |
(0.666) |
(0.667) |
(0.831) |
(0.871) |
(0.862) |
|
K/L |
0.068*** |
0.073*** |
0.071*** |
0.070*** |
0.076*** |
0.073*** |
|
|
(0.023) |
(0.025) |
(0.024) |
(0.022) |
(0.025) |
(0.024) |
|
rwage |
0.018** |
0.019** |
0.018** |
0.022* |
0.022* |
0.021* |
|
|
(0.009) |
(0.009) |
(0.009) |
(0.012) |
(0.012) |
(0.012) |
|
GVC Participation |
3.972*** |
4.098*** |
4.056*** |
4.254*** |
4.373*** |
4.306*** |
|
|
(0.706) |
(0.696) |
(0.708) |
(0.847) |
(0.838) |
(0.844) |
|
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 |
2,931 |
2,931 |
2,931 |
2,931 |
2,931 |
2,931 |
|
R-squared |
0.637 |
0.644 |
0.640 |
0.665 |
0.669 |
0.666 |
Notes: Dependent variable is manufacturing export RCA. We keep only the first seven sectors with high financial and business service input intensity, as listed in Appendix 4. Robust standard errors in parentheses, clustered by country*sector. *** p<0.01, ** p<0.05, * p<0.1.