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0.697**

0.049**

0.128**

0.177**

0.018**

0.016*

-0.002

(0.026)

(0.010)

(0.021)

(0.023)

(0.005)

(0.007)

(0.005)

0.143**

-0.006

-0.10**

-0.106**

0.001

-0.003

0.001

(0.035)

(0.012)

(0.028)

(0.029)

(0.005)

(0.012)

(0.007)

-0.018

0.007

0.042

0.049*

-0.006

-0.003

0.002

(0.026)

(0.011)

(0.022)

(0.024)

(0.004)

(0.009)

(0.004)

0.003

0.002

-0.035*

-0.033

-0.005

-0.009

0.001

(0.022)

(0.008)

(0.016)

(0.018)

(0.004)

(0.007)

(0.002)

-0.048**

0.005*

0.028**

0.033**

-0.002

0.004*

0.001

(0.006)

(0.002)

(0.005)

(0.005)

(0.001)

(0.002)

(0.001)

Yes

Yes

Yes

Yes

Yes

Yes

Yes

2181

2182

2183

2184

2185

2186

2187

Sector dummies Observations

Log L

Big city

Exporter

Foreign owned

Table V.3: Regression results for share of financing. Developed economies, 2004-05 Private firms only=privatized+new private. Country fixed effects.

Intercept

Retained earnings

Equity

Banks

Equity and Family and

banks

informal

Suppliers

State

0.819**

0.051**

0.058**

0.108**

0.065**

0.007

-0.016**

(0.020)

(0.008)

(0.015)

(0.017)

(0.007)

(0.005)

(0.005)

0.013

-0.014

-0.097**

-0.110**

-0.020**

-0.003

0.115**

(0.023)

(0.008)

(0.015)

(0.016)

(0.005)

(0.004)

(0.013)

-0.030*

-0.008

0.014

0.006

0.007

0.000

0.006*

(0.015)

(0.006)

(0.012)

(0.013)

(0.005)

(0.003)

(0.002)

0.050**

0.002

-0.056**

-0.054**

-0.013**

0.008

-0.001

(0.016)

(0.007)

(0.012)

(0.013)

(0.005)

(0.005)

(0.003)

-0.040**

0.003

0.027**

0.030**

-0.012**

-0.001

0.008*

(0.013)

(0.005)

(0.010)

(0.011)

(0.004)

(0.003)

(0.003)

0.018

-0.001

-0.028**

-0.029**

0.005

-0.001

0.003

(0.011)

(0.004)

(0.007)

(0.008)

(0.004)

(0.002)

(0.003)

-0.029**

-0.003

0.029**

0.027**

-0.009**

0.002

0.002

(0.004)

(0.001)

(0.003)

(0.003)

(0.001)

(0.001)

(0.001)

Yes

Yes

Yes

Yes

Yes

Yes

Yes

6300

6300

6300

6300

6300

6300

6300

Sector dummies Observations

Log L

Big city

Exporter

Foreign owned

New private

State-owned

Table V.4: Regression results for share of financing. Transition economies, 2005 Country fixed effects. Omitted ownership category: privatized.

intercept

Retained earnings

Equity

Banks

Equity and Family and

banks

informal

Suppliers

State

63

Other

0.094** (0.018)

  • -

    0.034

(0.021)

  • -

    0.025

(0.018) 0.044** (0.014) 0.012** (0.004) Yes 2188

Other

0.016 (0.010) 0.005 (0.012) 0.012 (0.008) 0.011 (0.010) 0.015* (0.007) 0.005 (0.006) 0.008** (0.002) Yes 6300

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