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Journal of Economic Structures

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

Table 7 New furnace construction probability

From: The effects of new technology on productivity: technological improvement and reallocation efficiency in the Japanese steelmaking industry

 

Construct new furnace

(1)

(2)

First-movers

0.479 (0.298)

0.263 (0.321)

Firm crude steel production

0.165*** (0.059)

0.013 (0.081)

Plant crude steel production

 

0.296*** (0.101)

BOF experience

0.009 (0.047)

0.066 (0.054)

Year fixed effect

Yes

Yes

Observations

243

243

  1. Standard errors in parentheses. Asterisks indicate the significance level: *at 10 percent, **at 5 percent, and ***at 1 percent
  2. Analysis is at the plant level. The dependent variable is a dummy variable that takes value one if a plant constructed new furnace(s)
  3. First-movers are Yawata and NKK, and crude steel productions are in 1 million tons
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