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Table 7.

The Effects of Computer Use on Firm Growth: Matched Sample

	Employment (1)	Asset (2)	Value Added (3)	Sales (4)	Profit (5)
Panel A
Computer use	1.201^**	0.553^**	1.690^***	0.303^***	0.375^***
	(0.499)	(0.259)	(0.638)	(0.040)	(0.145)
Observations	128,421	128,418	128,332	128,428	128,392
R²	0.088	0.080	0.068	0.098	0.111
Panel B
Personal computer use	1.202^**	0.554^***	1.681^***	0.257^***	0.391^***
	(0.499)	(0.206)	(0.638)	(0.027)	(0.097)
Observations	128,421	128,418	128,332	128,428	128,392
R²	0.088	0.080	0.068	0.098	0.111
Control variables	Yes	Yes	Yes	Yes	Yes
City fixed effects	Yes	Yes	Yes	Yes	Yes
Industry fixed effects	Yes	Yes	Yes	Yes	Yes
Ownership fixed effects	Yes	Yes	Yes	Yes	Yes

	Employment (1)	Asset (2)	Value Added (3)	Sales (4)	Profit (5)
Panel A
Computer use	1.201^**	0.553^**	1.690^***	0.303^***	0.375^***
	(0.499)	(0.259)	(0.638)	(0.040)	(0.145)
Observations	128,421	128,418	128,332	128,428	128,392
R²	0.088	0.080	0.068	0.098	0.111
Panel B
Personal computer use	1.202^**	0.554^***	1.681^***	0.257^***	0.391^***
	(0.499)	(0.206)	(0.638)	(0.027)	(0.097)
Observations	128,421	128,418	128,332	128,428	128,392
R²	0.088	0.080	0.068	0.098	0.111
Control variables	Yes	Yes	Yes	Yes	Yes
City fixed effects	Yes	Yes	Yes	Yes	Yes
Industry fixed effects	Yes	Yes	Yes	Yes	Yes
Ownership fixed effects	Yes	Yes	Yes	Yes	Yes

Notes: Robust standard errors reported in parentheses are clustered at the city level. The coefficients and standard errors for control variables are not presented to save space. ^***, ^**, and ^* denote significance at the 1%, 5%, and 10% level, respectively.

Source: Author's calculations based on National Bureau of Statistics of China. 1998–2008. “Chinese Industrial Enterprises Database.”

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