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Table 3 Impact of Greenfield investment on necessity driven, opportunity-driven, and total entrepreneurial activity

From: The impact of Greenfield investment on domestic entrepreneurship

  Tea Opportunity Necessity
  (1)
Random
(2)
Fixed
(3)
GMM
(4)
Random
(5)
Fixed
(6)
GMM
(7)
Random
(8)
Fixed
(9)
GMM
Teat−1    0.2***
(0.03)
      
Opportunityt−1       0.2***
(0.03)
   
Necessityt−1          0.31***
(0.03)
Lngreen −0.37***
(0.11)
−0.50***
(0.13)
−0.26***
(0.09)
−0.19**
(0.1)
−0.22*
(0.12)
−0.03
(0.08)
−0.07
(0.05)
−0.14**
(0.06)
−0.04
(0.04)
Gdpcapita −0.28
(0.32)
1.62***
(0.51)
−1.54
(2.53)
0.30
(0.26)
2.16***
(0.42)
−0.66
(1.97)
−0.80***
(0.1)
−0.48**
(0.22)
−1.7*
(0.001)
Gdpgrowth −0.04
(0.04)
−0.05
(0.04)
0.002***
(0.004)
−0.004
(0.03)
−0.01
(0.03)
0.001***
(0.004)
−0.03*
(0.02)
−0.04**
(0.02)
0.005**
(0.002)
Fof −0.04**
(0.02)
−0.03*
(0.02)
−0.07***
(0.02)
−0.04**
(0.02)
−0.03*
(0.02)
−0.05***
(0.01)
−0.02***
(0.007)
−0.01
(0.008)
−0.01*
(0.007)
Ei 0.30***
(0.02)
0.22***
(0.02)
0.3***
(0.02)
0.19***
(0.02)
0.14***
(0.02)
0.2***
(0.02)
0.09***
(0.007)
0.05***
(0.008)
0.08***
(0.008)
Constant 12.94***
(3.01)
−3.56
(4.85)
14.09
(10.8)
4.52*
(2.45)
−12.8***
(4.0)
7.02
(8.39)
10.09***
(1.15)
7.92***
(2.04)
8.28*
(4.31)
Observations 695 695 571 555 555 447 555 555 447
R-squared 0.53 0.24   0.44 0.18   0.55 0.11  
Adjusted R2 0.52 0.12   0.44 0.03   0.54 0.05  
F statistic 767.22*** 37.57***
(df = 5; 604)
163.55
(df = 6, 564)
438.01*** 21.04***
(df = 5; 466)
105.22
(df = 6, 440)
661.76*** 11.84***
(df = 5; 466)
129.72
(df =6, 440)
  1. Note: *p < 0.1; **p < 0.05; ***p < 0.01