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Table 3 Quantile regression results, 2002-2008

From: Institutional barriers and job creation in Central and Eastern Europe

Variables

10th-percentile

1st quartile

Median

3rd quartile

90th-percentile

(1)

(2)

(3)

(4)

(5)

Firm characteristics

Initial size

−0.129***

−0.051***

−0.028***

−0.088***

−0.099***

(0.008)

(0.003)

(0.007)

(0.004)

(0.004)

Age

−0.076***

−0.034***

−0.040***

−0.101***

−0.109***

(0.007)

(0.003)

(0.008)

(0.005)

(0.005)

Initial size × age

0.027***

0.006***

0.004

0.019***

0.019***

(0.003)

(0.001)

(0.002)

(0.002)

(0.001)

TFP

0.011***

0.007***

0.008***

0.018***

0.023***

(0.002)

(0.001)

(0.001)

(0.002)

(0.002)

Foreign owner

0.024***

0.028***

0.021***

0.036***

0.045***

(0.008)

(0.004)

(0.003)

(0.005)

(0.008)

Industry characteristics

Agriculture

0.049**

0.029**

0.036****

0.032*

−0.026

(0.022)

(0.017)

(0.013)

(0.018)

(0.038)

Construction

0.043***

0.026**

0.043***

0.067***

0.058

(0.016)

(0.012)

(0.007)

(0.014)

(0.036)

Manufacturing

0.045***

0.025**

0.029***

0.041***

0.008

(0.015)

(0.012)

(0.007)

(0.013)

(0.035)

Wholesale

0.018

0.008

0.014**

0.017

−0.016

(0.015)

(0.012)

(0.006)

(0.013)

(0.035)

Transport

0.015

0.008

0.018***

0.028**

−0.002

(0.017)

(0.011)

(0.006)

(0.013)

(0.036)

Overall inst.

0.014

−0.003

−0.010**

−0.021***

−0.030***

(0.012)

(0.006)

(0.004)

(0.006)

(0.009)

Fixed effects

Country

91.90***

107.61***

23.47***

49.35***

40.83***

Pseudo R2

0.098

0.079

0.009

0.096

0.137

Observations

34,068

34,068

34,068

34,068

34,068

  1. Notes: The dependent variable is the average annual employment growth rate for the period 2002–2008. Quantile regression estimates. Constant not reported. Bootstrapped standard errors in parenthesis. *, ** and *** denote significance at 10 percent, 5 percent and 1 percent levels, respectively. The coefficient for the number of observed years is not reported.