Table 4 The regression results of “global comparative advantage” and “local comparative advantage”
Dependent variable: χ it | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
c i × T t | −2.860*** | −5.120*** | −0.681*** | −0.327*** |
(−8.11) | (−8.41) | (-3.03) | (−3.13) | |
Industrial fixed effect | Yes | Yes | Yes | Yes |
Time-fixed effect | Yes | Yes | Yes | Yes |
Observation | 153 | 238 | 238 | 238 |
R 2 | 0.689 | 0.6001 | 0.7048 | 0.7304 |