Skip to main content

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 6 Log regression (\({\text{TFPR}}_{si} /\overline{\text{TFPR}}_{s} )\) on formality situation

From: Misallocation and manufacturing TFP in Ecuador: formal, semi-formal and informal firms

Variables

(1)

(2)

(3)

(4)

(5)

TFPR

TFPR

TFPR

TFPR

TFPR

Completely informal

− 0.053

− 0.069

− 0.293

− 0.290

− 0.294

 

[0.035]

[0.035]**

[0.068]***

[0.068]***

[0.068]***

Semi-formal

0.001

− 0.002

− 0.066

− 0.065

− 0.065

 

[0.015]

[0.015]

[0.021]***

[0.021]***

[0.021]***

Median A

 

− 0.095

− 0.086

− 0.081

− 0.087

  

[0.016]***

[0.016]***

[0.016]***

[0.016]***

Median B

 

− 0.109

− 0.105

− 0.097

− 0.103

  

[0.018]***

[0.018]***

[0.018]***

[0.018]***

Large

 

− 0.208

− 0.192

− 0.189

− 0.196

  

[0.016]***

[0.017]***

[0.017]***

[0.017]***

Level of informality

  

0.178

0.170

0.172

   

[0.059]***

[0.059]***

[0.059]***

Region fixed effects

No

No

No

Yes

Yes

ISIC fixed effects

No

No

Yes

Yes

Yes

Year fixed effects

Yes

Yes

Yes

No

Yes

Constant

0.256

0.310

0.312

− 0.059

− 0.048

 

[0.024]***

[0.025]***

[0.063]***

[0.104]

[0.107]

Observations

16,517

16,517

16,517

16,511

16,511

R-squared

0.002

0.011

0.054

0.054

0.056

  1. Standard robust errors in brackets
  2. ***p < 0.01, **p < 0.05, *p < 0.1