Table 5 Interaction between innovation and firm age
From: Innovation and employment growth: evidence from manufacturing firms in Africa
| (1) | (2) | (3) | |
|---|---|---|---|
| Employment growth | Employment growth | Employment growth | |
| Innov (0 = no innovation) | |||
| 1 (= Process/Product) | − 0.03 | ||
| (0.0267) | |||
| 2 (= Process × Product) | 0.001 | ||
| (0.0247) | |||
| Process (1 = yes) | − 0.02 | ||
| (0.0218) | |||
| Product (1 = yes) | 0.02 | ||
| (0.0209) | |||
| Young (1 = yes) | − 0.02 | − 0.01 | 0.002 |
| (0.0412) | (0.0386) | (0.0351) | |
| Older (1 = yes) | − 0.10*** | − 0.09*** | − 0.08*** |
| (0.0202) | (0.0189) | (0.0176) | |
| Innovation × Young | |||
| 1 | 0.03 | ||
| (0.0647) | |||
| 2 | 0.1+ | ||
| (0.0593) | |||
| Innovation × Older | |||
| 1 | 0.05 | ||
| (0.0330) | |||
| 2 | 0.07* | ||
| (0.0296) | |||
| Process × Young | 0.08 | ||
| (0.0519) | |||
| Process × Older | 0.07** | ||
| (0.0259) | |||
| Product × Young | 0.07 | ||
| (0.0521) | |||
| Product × Older | 0.05+ | ||
| (0.0259) | |||
| Country fixed effects | Yes | Yes | Yes |
| ISIC fixed effects | Yes | Yes | Yes |
| Constant | 0.5*** | 0.5*** | 0.5*** |
| (0.0587) | (0.0589) | (0.0585) | |
| N | 5168 | 5117 | 5146 |
| R 2 | 0.072 | 0.069 | 0.071 |
| Adj. R2 | 0.060 | 0.057 | 0.060 |
