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A Systems View Across Time and Space

Table 8 Is it size or age that matters?

From: Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda

 

(1)

ICvar cell avg.: matched to initial size

Sh_invest_fin

0.0155 (0.00973)

(Micro)*Sh_invest_fin

− 0.00965 (0.0129)

(Small)*Sh_invest_fin

− 0.0471*** (0.0121)

(Medium)*Sh_invest_fin

− 0.0156 (0.0105)

mng_time

− 0.117** (0.0454)

(Micro)*mng_time

0.114** (0.0436)

(Small)*mng_time

0.0466 (0.0646)

(Medium)*mng_time

0.115** (0.0458)

bribe_yn

− 0.264 (0.823)

(Micro)*bribe_yn

0.413 (0.687)

(Small)*bribe_yn

5.104*** (1.397)

(Medium)*bribe_yn

2.125*** (0.728)

days_no_power

− 0.00162 (0.00306)

(Micro)*days_no_power

0.00219 (0.00296)

(Small)*days_no_power

0.00222 (0.00287)

(Medium)*days_no_power

0.000560 (0.00304)

(Micro)

− 0.187 (0.385)

(Small)

−0.699* (0.370)

(Medium)

− 1.038** (0.420)

(Mature)*sh_invest_fin

0.00595 (0.00685)

(Older)*sh_invest_fin

0.00747* (0.00408)

(Mature)*mng_time

0.00674 (0.0118)

(Older)*mng_time

0.0200* (0.0104)

(Mature)*bribe_yn

− 0.613 (0.811)

(Older)*bribe_yn

− 0.963* (0.551)

(Mature)*days_no_power

− 0.000445 (0.000393)

(Older)*days_no_power

− 0.000581 (0.000422)

(Mature)

− 0.911** (0.370)

(Older)

− 0.615 (0.362)

Constant

1.642*** (0.320)

Observations

608

R-squared

0.451

Firm Controls

Yes

Sector FE

Yes

  1. Dependent variable: employment growth (Emp(t)-Emp(t-3))/((Emp(t) + Emp(t-3))/2)
  2. Standard errors clustered on location-sector-size; ***p < 0.01, **p < 0.05, *p < 0.1