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

Table 3 FDI spillover and productivity (dependent variable = log TFP)

From: Foreign direct investment and productivity spillovers: a firm-level analysis of Bangladesh in comparison with Vietnam

Variables Bangladesh Vietnam
All firms Domestic firms All firms Domestic firms
(1) (2) (3) (4)
Foreign_own 0.3765   − 0.0487  
  (0.4876)   (0.0605)  
Horizontal 13.5791*** 14.4573*** 0.0311 − 0.0023
  (4.4943) (4.7917) (0.1375) (0.1530)
Backward − 24.0653 − 26.3183 0.6191** 0.7087**
  (15.2176) (15.6622) (0.2985) (0.3317)
Forward − 2.1165 − 2.3863 0.4082* 0.4235
  (8.7063) (9.1805) (0.2387) (0.2640)
Fin_obstacles 0.1891 0.0956 − 0.0457 − 0.0406
  (0.1850) (0.1954) (0.0340) (0.0361)
Size 0.4392** 0.4180** 0.0936*** 0.0808***
  (0.1983) (0.2013) (0.0250) (0.0268)
Age − 0.2930* − 0.2257 − 0.0219 − 0.0277
  (0.1659) (0.1694) (0.0199) (0.0211)
Observations 2206 2151 1913 1677
R-squared 0.4325 0.4372 0.2664 0.2386
  1. 1. All standard errors are robust and reported in parentheses
  2. 2. Statistical significance: ***p < 0.01, **p < 0.05, *p < 0.1
  3. 3. Intercepts are not reported
  4. 4. The Hausman test indicates random effect model for Vietnam sample and fixed-effect model for Bangladesh sample is appropriate