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

Table 8 Estimates of elasticity of substitution

From: Networks in Japanese regional agro-food economies: an empirical exploration of the network linkage model

id

LS FE

IV FE

\(\theta\)

\(\theta -1\) s.e

\(\theta\)

\(\theta -1\) s.e

1st F

Overidentification

Endogeneity

hok

1

0.903

0.075

0.032

0.419

5

1.8 (0.408)

3 (0.077)

2

1.159

0.074

1.709

0.197

200

2.8 (0.244)

15 (0.000)

3

1.161

0.101

2.587

0.668

2

5.4 (0.069)

13 (0.000)

4

0.908

0.021

0.878

0.025

589

38.1 (0.000)

4 (0.037)

5

1.044

0.036

0.495

0.214

18

7.2 (0.007)

10 (0.001)

6

1.039

0.024

1.110

0.067

142

2.4 (0.305)

2 (0.205)

7

0.990

0.016

1.132

0.054

325

3.6 (0.060)

8 (0.004)

8

0.996

0.038

1.398

0.190

35

1.7 (0.187)

8 (0.005)

9

1.030

0.023

1.256

0.092

29

6.2 (0.044)

8 (0.006)

10

1.015

0.021

1.057

0.032

179

0.9 (0.646)

3 (0.076)

11

1.119

0.058

1.578

0.203

90

8.8 (0.012)

6 (0.013)

12

1.102

0.033

1.118

0.045

1176

0.8 (0.678)

0 (0.550)

13

0.909

0.026

1.122

0.075

21

1.0 (0.593)

8 (0.006)

14

0.954

0.019

0.919

0.018

229

3.7 (0.157)

4 (0.047)

15

1.373

0.028

3.339

0.111

185

42.9 (0.000)

1514 (0.000)

16

0.943

0.026

1.543

0.484

1

18.3 (0.000)

3 (0.074)

17

1.058

0.060

0.779

0.309

4

2.8 (0.245)

0 (0.546)

18

1.055

0.034

0.842

0.165

3

2.9 (0.089)

1 (0.227)

19

0.945

0.052

0.215

0.203

21

32.1 (0.000)

9 (0.003)

20

1.025

0.034

1.311

0.258

9

2.3 (0.322)

2 (0.185)

21

1.031

0.037

1.573

0.471

3

0.1 (0.741)

2 (0.144)

toh

1

0.907

0.134

3.160

3.559

1

0.2 (0.672)

3 (0.070)

2

1.078

0.076

1.455

0.154

214

19.4 (0.000)

10 (0.002)

3

1.312

0.135

0.961

0.176

14

17.2 (0.000)

2 (0.170)

4

0.867

0.016

0.699

0.018

1204

31.8 (0.000)

169 (0.000)

5

1.041

0.042

0.155

0.232

19

15.4 (0.000)

17 (0.000)

6

0.919

0.026

0.541

0.055

114

55.0 (0.000)

74 (0.000)

7

1.078

0.018

1.226

0.051

127

48.5 (0.000)

9 (0.003)

8

1.154

0.027

1.503

0.064

66

88.1 (0.000)

58 (0.000)

9

1.097

0.039

2.872

0.709

3

16.1 (0.000)

62 (0.000)

10

1.196

0.022

1.514

0.040

74

65.7 (0.000)

136 (0.000)

11

1.207

0.046

3.638

0.494

39

7.3 (0.026)

460 (0.000)

12

0.831

0.037

0.584

0.052

674

6.0 (0.050)

54 (0.000)

13

1.103

0.115

0.571

0.223

12

0.5 (0.764)

2 (0.122)

14

0.972

0.031

0.863

0.033

222

8.7 (0.013)

20 (0.000)

15

1.392

0.032

3.328

0.102

182

73.1 (0.000)

818 (0.000)

16

0.958

0.042

1.618

0.314

2

43.5 (0.000)

7 (0.011)

17

0.992

0.067

−1.857

0.994

5

3.9 (0.145)

23 (0.000)

18

1.091

0.038

3.674

0.739

7

7.7 (0.021)

207 (0.000)

19

0.992

0.064

5.825

2.089

4

0.3 (0.597)

94 (0.000)

20

1.042

0.033

3.638

3.172

0

18.3 (0.000)

10 (0.002)

21

1.023

0.046

4.198

1.314

4

0.0 (0.905)

67 (0.000)

kan

1

1.070

0.108

0.426

0.194

13

14.8 (0.001)

12 (0.001)

2

1.253

0.063

1.583

0.110

336

2.6 (0.269)

31 (0.000)

3

1.233

0.071

0.475

0.313

4

11.9 (0.003)

8 (0.005)

4

0.783

0.019

0.705

0.016

1338

53.1 (0.000)

68 (0.000)

5

0.965

0.025

0.748

0.085

11

41.0 (0.000)

5 (0.033)

6

0.990

0.027

0.359

0.118

33

72.2 (0.000)

78 (0.000)

7

0.946

0.019

1.364

0.076

58

32.2 (0.000)

29 (0.000)

8

1.031

0.019

1.152

0.084

30

1.1 (0.302)

3 (0.069)

9

1.024

0.021

0.637

0.091

14

134.0 (0.000)

18 (0.000)

10

1.009

0.024

1.068

0.029

56

3.7 (0.053)

4 (0.055)

11

1.128

0.026

1.325

0.153

10

5.8 (0.056)

2 (0.193)

12

0.982

0.031

0.551

0.077

205

3.3 (0.191)

78 (0.000)

13

0.985

0.051

0.845

0.061

86

1.7 (0.431)

9 (0.003)

14

1.004

0.010

1.390

0.073

158

3.9 (0.048)

43 (0.000)

15

1.396

0.025

3.294

0.086

249

63.5 (0.000)

1500 (0.000)

16

1.015

0.039

1.527

0.198

5

44.6 (0.000)

14 (0.000)

17

1.005

0.053

0.135

0.456

4

33.8 (0.000)

11 (0.001)

18

1.065

0.036

2.247

0.430

5

25.0 (0.000)

53 (0.000)

19

0.990

0.045

−0.697

0.599

5

57.3 (0.000)

45 (0.000)

20

1.046

0.038

2.027

0.464

4

12.5 (0.002)

16 (0.000)

21

1.024

0.032

1.302

0.178

14

15.7 (0.000)

6 (0.018)

chb

1

1.386

0.112

4.568

1.638

2

1.3 (0.533)

21 (0.000)

2

1.202

0.049

1.552

0.088

292

2.4 (0.308)

46 (0.000)

3

1.346

0.129

0.286

0.511

3

11.0 (0.004)

2 (0.157)

4

0.750

0.024

0.630

0.019

728

19.3 (0.000)

76 (0.000)

5

1.019

0.024

1.314

0.077

13

10.2 (0.006)

15 (0.000)

6

1.001

0.018

0.788

0.052

65

18.5 (0.000)

20 (0.000)

7

1.120

0.027

1.202

0.026

116

69.9 (0.000)

13 (0.000)

8

1.063

0.022

1.361

0.071

17

10.0 (0.007)

32 (0.000)

9

1.194

0.040

2.307

0.241

15

2.0 (0.374)

181 (0.000)

10

1.049

0.022

1.269

0.042

30

5.6 (0.060)

32 (0.000)

11

1.091

0.028

1.155

0.297

2

39.4 (0.000)

0 (0.809)

12

0.986

0.025

0.836

0.052

652

29.8 (0.000)

23 (0.000)

13

0.992

0.034

1.484

0.280

19

6.8 (0.009)

4 (0.058)

14

0.953

0.009

0.980

0.026

411

8.5 (0.014)

3 (0.076)

15

1.352

0.029

3.120

0.079

297

19.0 (0.000)

3465 (0.000)

16

1.062

0.036

2.187

0.451

3

32.6 (0.000)

35 (0.000)

17

1.105

0.069

2.667

0.494

7

6.4 (0.042)

18 (0.000)

18

1.039

0.039

0.687

0.142

5

26.3 (0.000)

5 (0.032)

19

0.998

0.040

0.345

0.237

9

21.8 (0.000)

11 (0.001)

20

0.963

0.046

−2.265

1.089

5

0.8 (0.373)

115 (0.000)

21

1.032

0.042

2.291

0.384

10

18.2 (0.000)

30 (0.000)

kin

1

1.271

0.085

2.345

0.432

3

9.2 (0.010)

8 (0.006)

2

1.269

0.054

1.455

0.092

348

5.4 (0.068)

11 (0.001)

3

1.375

0.133

0.127

0.573

4

3.6 (0.059)

3 (0.066)

4

0.831

0.033

0.747

0.029

642

35.3 (0.000)

16 (0.000)

5

1.052

0.021

1.186

0.054

21

22.1 (0.000)

5 (0.021)

6

1.008

0.022

0.619

0.079

31

13.0 (0.002)

51 (0.000)

7

1.055

0.023

1.131

0.018

208

73.0 (0.000)

22 (0.000)

8

0.978

0.026

0.928

0.127

8

0.9 (0.641)

0 (0.690)

9

0.795

0.027

0.234

0.112

28

74.1 (0.000)

61 (0.000)

10

0.945

0.022

0.788

0.040

43

23.1 (0.000)

23 (0.000)

11

1.071

0.021

1.101

0.110

42

0.6 (0.732)

0 (0.818)

12

1.027

0.028

0.736

0.069

266

8.0 (0.019)

33 (0.000)

13

0.970

0.068

0.814

0.054

64

4.0 (0.139)

12 (0.001)

14

1.015

0.011

0.964

0.024

201

9.9 (0.007)

12 (0.001)

15

1.379

0.023

3.000

0.081

211

173.8 (0.000)

1174 (0.000)

16

1.003

0.021

1.611

0.382

2

5.8 (0.016)

12 (0.001)

17

1.056

0.060

2.344

0.373

8

15.9 (0.000)

15 (0.000)

18

1.054

0.038

1.334

0.265

5

19.0 (0.000)

1 (0.277)

19

0.983

0.045

0.701

1.488

1

19.3 (0.000)

0 (0.796)

20

1.034

0.040

−0.460

0.481

6

16.1 (0.000)

59 (0.000)

21

1.004

0.048

1.546

0.277

8

52.8 (0.000)

5 (0.027)

chg

1

1.296

0.137

6.802

2.161

5

2.5 (0.284)

94 (0.000)

2

1.116

0.047

1.426

0.079

279

3.5 (0.174)

17 (0.000)

3

1.466

0.145

3.577

1.236

2

0.1 (0.808)

5 (0.024)

4

0.878

0.019

0.712

0.019

867

39.9 (0.000)

167 (0.000)

5

0.913

0.020

0.811

0.030

111

21.2 (0.000)

30 (0.000)

6

0.942

0.030

0.583

0.128

19

58.8 (0.000)

14 (0.000)

7

1.064

0.018

1.099

0.026

210

12.3 (0.002)

4 (0.050)

8

1.050

0.031

0.890

0.120

61

26.1 (0.000)

2 (0.145)

9

0.991

0.021

0.745

0.047

41

114.9 (0.000)

20 (0.000)

10

0.959

0.027

0.873

0.039

58

6.9 (0.009)

4 (0.036)

11

0.973

0.028

0.612

0.151

30

32.9 (0.000)

5 (0.022)

12

1.044

0.028

0.946

0.046

730

42.4 (0.000)

10 (0.002)

13

1.017

0.045

0.932

0.071

188

23.2 (0.000)

3 (0.084)

14

1.033

0.012

1.081

0.030

292

4.1 (0.126)

6 (0.019)

15

1.411

0.033

1.741

0.046

176

182.8 (0.000)

63 (0.000)

16

0.980

0.031

−0.048

0.552

2

11.3 (0.001)

19 (0.000)

17

1.046

0.087

−0.121

0.459

8

1.9 (0.396)

9 (0.003)

18

1.020

0.049

−0.349

1.086

1

0.1 (0.754)

6 (0.017)

19

0.934

0.047

0.197

0.363

9

0.3 (0.616)

10 (0.002)

20

0.989

0.037

−0.058

0.428

6

0.1 (0.814)

18 (0.000)

21

1.002

0.034

2.756

1.317

1

4.4 (0.037)

9 (0.003)

sik

1

1.175

0.106

2.866

0.636

15

4.3 (0.115)

21 (0.000)

2

1.010

0.058

2.295

0.593

6

3.7 (0.054)

11 (0.001)

3

1.428

0.167

2.138

0.460

6

1.2 (0.272)

2 (0.128)

4

0.784

0.022

0.588

0.020

642

54.7 (0.000)

332 (0.000)

5

1.010

0.038

0.518

0.179

10

24.6 (0.000)

8 (0.006)

6

0.852

0.032

0.584

0.046

155

5.8 (0.056)

47 (0.000)

7

0.974

0.015

1.639

0.208

51

1.2 (0.271)

14 (0.000)

8

1.064

0.016

1.232

0.059

148

2.3 (0.320)

14 (0.000)

9

0.789

0.042

0.543

0.052

504

58.0 (0.000)

38 (0.000)

10

0.664

0.050

0.256

0.100

85

6.0 (0.049)

28 (0.000)

11

0.987

0.025

1.136

0.123

86

37.0 (0.000)

1 (0.338)

12

0.546

0.053

0.224

0.053

1197

101.0 (0.000)

48 (0.000)

13

0.823

0.036

0.377

0.312

7

9.5 (0.002)

2 (0.181)

14

0.912

0.020

1.242

0.042

229

19.2 (0.000)

121 (0.000)

15

1.333

0.022

3.255

0.104

186

84.1 (0.000)

1649 (0.000)

16

0.975

0.047

3.425

2.155

1

2.9 (0.234)

24 (0.000)

17

1.290

0.109

2.422

0.696

8

1.5 (0.218)

2 (0.131)

18

1.035

0.047

−0.873

0.380

13

2.5 (0.288)

61 (0.000)

19

0.946

0.046

−2.403

0.867

15

0.6 (0.725)

144 (0.000)

20

1.014

0.037

0.033

0.267

8

98.5 (0.000)

16 (0.000)

21

1.049

0.048

2.434

0.670

4

0.0 (0.954)

10 (0.001)

kyu

1

1.160

0.120

1.799

0.374

4

31.1 (0.000)

3 (0.080)

2

0.891

0.057

0.563

0.140

137

6.6 (0.037)

11 (0.001)

3

1.232

0.138

0.604

0.291

3

6.4 (0.042)

2 (0.166)

4

0.877

0.014

0.841

0.014

1883

69.0 (0.000)

26 (0.000)

5

0.967

0.019

1.196

0.084

35

16.9 (0.000)

6 (0.019)

6

1.007

0.021

0.008

0.209

15

2.4 (0.125)

49 (0.000)

7

0.954

0.025

1.491

0.082

51

37.7 (0.000)

46 (0.000)

8

1.162

0.031

1.814

0.132

21

103.4 (0.000)

59 (0.000)

9

1.363

0.030

2.054

0.090

59

42.5 (0.000)

268 (0.000)

10

1.215

0.033

1.890

0.078

49

62.1 (0.000)

321 (0.000)

11

1.067

0.021

1.842

0.174

43

9.5 (0.009)

124 (0.000)

12

0.647

0.045

−0.088

0.082

290

7.3 (0.026)

233 (0.000)

13

1.069

0.042

0.009

0.378

27

5.1 (0.024)

17 (0.000)

14

0.947

0.016

0.898

0.036

152

2.5 (0.285)

3 (0.072)

15

1.306

0.025

2.812

0.075

223

131.8 (0.000)

493 (0.000)

16

0.995

0.024

2.047

0.653

2

0.7 (0.401)

23 (0.000)

17

1.015

0.103

−3.975

1.446

5

0.9 (0.646)

52 (0.000)

18

1.031

0.039

0.403

0.269

3

1.1 (0.285)

12 (0.001)

19

0.974

0.043

−2.389

1.184

4

0.0 (0.994)

76 (0.000)

20

1.020

0.033

−0.206

0.443

4

0.1 (0.775)

22 (0.000)

21

1.033

0.053

2.043

0.391

19

4.3 (0.038)

17 (0.000)

oki

1

1.124

0.109

1.822

0.471

7

8.8 (0.003)

2 (0.169)

2

1.474

0.149

3.898

0.807

19

0.2 (0.926)

36 (0.000)

3

0.447

0.167

0.512

1.399

11

1.4 (0.494)

0 (0.955)

4

0.617

0.025

0.566

0.019

878

3.9 (0.141)

35 (0.000)

5

0.855

0.135

0.008

0.456

17

6.7 (0.034)

8 (0.005)

6

0.859

0.020

0.908

0.037

183

6.8 (0.033)

4 (0.056)

7

1.087

0.012

1.034

0.015

1339

0.1 (0.943)

37 (0.000)

8

1.192

0.042

1.063

0.070

54

3.9 (0.139)

7 (0.008)

9

1.087

0.075

0.141

0.346

6

5.6 (0.062)

21 (0.000)

10

1.154

0.020

1.331

0.046

60

1.7 (0.190)

11 (0.001)

11

0.897

0.063

0.619

0.081

295

24.6 (0.000)

24 (0.000)

12

1.182

0.076

1.356

0.068

159

14.3 (0.001)

11 (0.001)

13

0.923

0.104

0.642

0.137

81

1.7 (0.191)

3 (0.096)

14

1.085

0.086

1.089

0.085

3874

2.5 (0.111)

0 (0.503)

15

1.388

0.030

1.826

0.064

109

49.6 (0.000)

50 (0.000)

16

1.029

0.048

5.028

3.527

1

2.3 (0.318)

38 (0.000)

17

1.088

0.166

0.925

0.666

3

39.0 (0.000)

0 (0.808)

18

1.135

0.051

3.574

0.854

9

46.6 (0.000)

58 (0.000)

19

1.031

0.110

−0.949

0.891

6

50.6 (0.000)

7 (0.009)

20

1.022

0.038

0.005

0.311

9

104.3 (0.000)

27 (0.000)

21

1.195

0.069

2.591

0.368

10

45.1 (0.000)

20 (0.000)

  1. (1) For sector classification (id), see Tables 2 and 3. Final demand sector (id = 0) is omitted
  2. (2) All variables are taken first difference of log-transformed values in the period 1970–2015 (9 observations every 5 years after 1975 for Okinawa, 10 observations every 5 years after 1970 for the rest)
  3. (2) LS FE is a least square fixed effect estimator with panels of input sectors. Standard error is cluster-robust assuming heteroskedasticity over input sectors
  4. (3) FE IV is a fixed effect estimator with the instrumental variables: macro-TFP in output region, CGPI of output sector and input sectors. Standard error is cluster-robust assuming heteroskedasticity over input sectors. 1st F is the result of F test under null hypothesis that explanatory variables are weakly correlated with instruments. Overidentification is the result of Sargan–Hansen test under null hypothesis that all instruments are correlated with residuals. Endogeneity is the result of Davidson–MacKinnon’s J test under null hypothesis that an ordinary least squares estimator of the same equation (i.e., LS FE) yields consistent estimates