Working Paper Series: Special Edition of 2016 to 2018 Interns

Appendix 2A

Table 11. Regression Results Full Sample Model1

Model2 Demand 0.576*** (0.000) 0.581*** (0.000) 0.564*** (0.000) 0.812*** (0.003) 1.722** (0.026)

Bank Credit 0.774***

Medium

(0.000) 0.623*** (0.000) 1.130 (0.101) 0.809*** (0.000) 0.770 (0.494) 1.173 (0.277) 0.881 (0.664) 1.001 (0.460) 1.261 (0.116) 0.629 (0.228) 1.109 (0.540) 1.155*** (0.000) 9.455*** (0.000) 1.325*** (0.000) 1.363*** (0.003) 1.399 (0.368) 0.982 (0.313) 0.868** (0.049)

Small

College & Vocational

University & Postgrad

Larger

Sole Proprietorship

0.915 (0.431) 1.026 (0.456) 0.993 (0.882) 0.993* (0.066) 0.895 (0.548)

Partnership/Other

Exporter

Foreign

Technical

Innovation

0.514*** (0.000) 0.858*** (0.000) 0.834*** (0.002) 0.932*** (0.000)

Development

Collateral

Audit

Overdraft

0.857 (0.627) 0.922 (0.344)

Growth

Real

0.954*** (0.000) 0.957*** (0.000) 0.991*** (0.000)

LNGDPC

Duration

Observations

1883

726

Exponentiated coefficients; p -values in parentheses Notes: For each regression standard errors are clustered at the industry level. * p<0.1, ** p<0.05, *** p<0.

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