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Journal of Economic Structures

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

Table 9 New furnace productivity

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

 

Productivity \(\omega\)

(1)

(2)

(3)

New furnace

− 0.379*** (0.056)

− 0.212*** (0.048)

− 0.248*** (0.058)

Year FE

Yes

Yes

Yes

Firm FE

Yes

  

Plant FE

 

Yes

 

Furnace FE

  

Yes

Observations

256

256

247

  1. Standard errors in parentheses. Standard errors are clustered at the firm level. Asterisks indicate the significance level: *at 10 percent, **at 5 percent, and ***at 1 percent
  2. New furnace takes value one if constructed in that year. First-movers are Yawata and NKK
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