Table 3.

. | . | . | . | Expected . |
---|---|---|---|---|

Variables . | Computation . | Mean . | Std. Dev. . | Sign^{a}
. |

HFDI _{jt} | Foreign presence at time interval t in sector j, measured as total output value of FDI firms in sector j/total output value of the sector | 0.220 | 0.267 | + |

UpFDI _{jt} | Foreign presence at time interval t in upstream sectors relative to sector j, computed from HFDI and transposed IO table coefficients | 0.260 | 0.133 | +/– |

DownFDI _{jt} | Foreign presence at time interval t in downstream sectors relative to sector j, computed from HFDI and IO table coefficients | 0.307 | 0.128 | – |

HSOE _{jt} | SOE presence at time interval t in sector j, measured as total output value of SOEs in sector j/total output value of the sector | 0.478 | 0.303 | + |

UpSOE _{jt} | SOEs presence at time interval t in upstream sectors, computed from HSOE and transposed IO table coefficients | 0.381 | 0.156 | +/– |

DownSOE _{jt} | SOEs presence at time interval t in downstream sectors, computed as sum product of HSOE and IO table coefficients | 0.328 | 0.125 | – |

GFDI _{jt} | Sales growth of FDI firms in sector j at time t | 1.255 | 0.819 | +/– |

GSOE _{jt} | Sales growth of SOEs in sector j at time t | 1.043 | 0.693 | + |

EXPORT _{jt} | Export ratio of sector j at time t | 0.062 | 0.165 | – |

EXPRATIO _{jt} | Export ratio of foreign-owned firms in sector j at time t | 0.186 | 0.284 | – |

IMPORT _{jt} | Import ratio of sector j at time t | 0.1202 | 0.214 | + |

HERF _{jt} | Herfindahl index, proxy for concentration in the market, calculated as the sum of squares of employment share in sector j | +/– | ||

MSCALE _{jt} | MES of sector j, computed as the median employment of sector j | 32.514 | 35.164 | +/– |

ENTRY _{jt} | Entry rate in sector j at time t | 0.241 | 0.082 | + |

NBR _{rt} | Neighborhood concentration index, measured as the spatial market concentration of provinces surrounding province r at time interval t | 448,445.4 | 68,421 | +/– |

DIVER _{rt} | Spatial diversity index, measured as the sum of squares of sectoral output shares in province r at time t | 9.198 | 66.906 | – |

REL_SIZE _{it} | Relative size of the firm i at time t, measured as the output of firm i to median output in sector j | 1.157 | 3.813 | – |

CAP_INT _{it} | Capital intensity, measured as total value of fixed assets to number of employees of firm i at time t | 140.80 | 371.97 | – |

AGE _{it} | Age of firm i at time t measured as number of years since establishment to time t | 4.525 | 4.151 | – |

. | . | . | . | Expected . |
---|---|---|---|---|

Variables . | Computation . | Mean . | Std. Dev. . | Sign^{a}
. |

HFDI _{jt} | Foreign presence at time interval t in sector j, measured as total output value of FDI firms in sector j/total output value of the sector | 0.220 | 0.267 | + |

UpFDI _{jt} | Foreign presence at time interval t in upstream sectors relative to sector j, computed from HFDI and transposed IO table coefficients | 0.260 | 0.133 | +/– |

DownFDI _{jt} | Foreign presence at time interval t in downstream sectors relative to sector j, computed from HFDI and IO table coefficients | 0.307 | 0.128 | – |

HSOE _{jt} | SOE presence at time interval t in sector j, measured as total output value of SOEs in sector j/total output value of the sector | 0.478 | 0.303 | + |

UpSOE _{jt} | SOEs presence at time interval t in upstream sectors, computed from HSOE and transposed IO table coefficients | 0.381 | 0.156 | +/– |

DownSOE _{jt} | SOEs presence at time interval t in downstream sectors, computed as sum product of HSOE and IO table coefficients | 0.328 | 0.125 | – |

GFDI _{jt} | Sales growth of FDI firms in sector j at time t | 1.255 | 0.819 | +/– |

GSOE _{jt} | Sales growth of SOEs in sector j at time t | 1.043 | 0.693 | + |

EXPORT _{jt} | Export ratio of sector j at time t | 0.062 | 0.165 | – |

EXPRATIO _{jt} | Export ratio of foreign-owned firms in sector j at time t | 0.186 | 0.284 | – |

IMPORT _{jt} | Import ratio of sector j at time t | 0.1202 | 0.214 | + |

HERF _{jt} | Herfindahl index, proxy for concentration in the market, calculated as the sum of squares of employment share in sector j | +/– | ||

MSCALE _{jt} | MES of sector j, computed as the median employment of sector j | 32.514 | 35.164 | +/– |

ENTRY _{jt} | Entry rate in sector j at time t | 0.241 | 0.082 | + |

NBR _{rt} | Neighborhood concentration index, measured as the spatial market concentration of provinces surrounding province r at time interval t | 448,445.4 | 68,421 | +/– |

DIVER _{rt} | Spatial diversity index, measured as the sum of squares of sectoral output shares in province r at time t | 9.198 | 66.906 | – |

REL_SIZE _{it} | Relative size of the firm i at time t, measured as the output of firm i to median output in sector j | 1.157 | 3.813 | – |

CAP_INT _{it} | Capital intensity, measured as total value of fixed assets to number of employees of firm i at time t | 140.80 | 371.97 | – |

AGE _{it} | Age of firm i at time t measured as number of years since establishment to time t | 4.525 | 4.151 | – |

^{a}Expected effect of the variable on the hazard of exit.

Source: Authors’ computations.

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