| | Productivity \(\omega\) |
|---|
(1) | (2) | (3) | (4) |
|---|
BOF dummy | 1.713*** (0.028) | 2.172*** (0.538) | 2.281*** (0.029) | 1.625*** (0.027) |
Fixed effect |
Furnace | Yes | | | Yes |
Firm × year | | Yes | | Yes |
Plant × year | | | Yes | Yes |
N | 1505 | 1505 | 1505 | 1505 |
Adj. \(R^{2}\) | 0.817 | 0.855 | 0.943 | 0.894 |
- Standard errors in parentheses. Asterisks indicate the significance level; *at 10 percent, **at 5 percent, and ***at 1 percent
- This analysis uses the productivity estimated in Column 3 of Table 3, the baseline result of this study
- The BOF dummy indicates the BOF’s average productivity advantage against the OHF in each specification
- Fixed effects: Year fixed effects are controlled for in all specifications. Furnace means that there are furnace dummies in the estimation. Firm × year means that firm dummies, year dummies, and interaction terms of the firm and year dummies are included; the same is the case for plant × year and technology × year
