Skip to main content

Table 4 Relationship between Greenfield investment and entrepreneurship in pre-crisis period

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    0.41***
(0.07)
      
Opportunityt−1       0.53***
(0.09)
   
Necessityt−1          0.51***
(0.08)
Lngreen −0.38**
(0.18)
−0.12
(0.20)
−0.24**
(0.12)
−0.35**
(0.14)
−0.18
(0.15)
−0.22*
(0.13)
0.002
(0.07)
0.14*
(0.08)
−0.02
(0.09)
Gdpcapita −0.76
(0.60)
−1.45
(1.27)
−0.02
(0.1)
−0.11
(0.48)
0.18
(0.95)
0.04
(0.08)
−0.57***
(0.20)
−1.20**
(0.51)
0.06*
(0.04)
Gdpgrowth 0.15
(0.12)
0.18
(0.14)
−0.00**
(0.00)
0.13
(0.09)
0.10
(0.11)
0.014*
(0.08)
0.01
(0.05)
0.07
(0.06)
0.01*
(0.11)
Fof −0.0003
(0.04)
0.01
(0.04)
−0.09***
(0.03)
−0.02
(0.03)
−0.01
(0.03)
0.07***(0.02) 0.01
(0.01)
0.02
(0.02)
−0.005
(0.675)
Ei 0.26***
(0.04)
0.16***
(0.05)
0.24***
(0.04)
0.14***
(0.03)
0.09**
(0.04)
0.12***
(0.03)
0.11***
(0.02)
0.06***
(0.02)
0.06***
(0.02)
Constant 15.25**
(6.14)
  6.91***
(1.39)
8.55*
(4.89)
  5.53***
(1.43)
5.52**
(2.15)
  −4.2*
(2.43)
R-squared 0.53 0.18   0.39 0.09   0.61 0.4  
F statistic 141.77*** 3.56*** 60.14
(df = 6, 75)
78.04*** 1.65 27.66
(df = 6, 74)
195.85***   84.62
(df = 6, 74)
Observations 82 82 82 82 82 82 82 82 82
  1. Note: *p < 0.1; **p < 0.05; ***p < 0.01