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2,885

2,813

0.329**

0.347**

(0.075)

(0.076)

-0.046

-0.052

(0.106)

(0.105)

-0.055

-0.060

(0.068)

(0.069)

-0.056*

-0.050

(0.026)

(0.027)

0.019

0.022

(0.054)

(0.057)

0.005

0.007

(0.020)

(0.020)

0.165**

0.168**

(0.021)

(0.021)

-0.002

0.001

(0.016)

(0.016)

0.045**

0.043**

(0.005)

(0.005)

-0.065**

(0.015)

-0.093**

(0.015)

Yes

Yes

Yes

Yes

Table VI.4: Deep restructuring and financing Dependent variable: 2-indicator deep restructuring

Pre-2001 EU members (I & II)

  • #

    obs :

intcpt

Privatized

New private

Foreign owned

No competitors

>3 competitors

Exporter

Big city

Log emp

No loan dummy

No external finance

Sector dummies Country dummies

70

index Transition economies (III-V)

13,900

13,603

0.306**

0.280**

(0.020)

(0.019)

0.064**

0.071**

(0.014)

(0.015)

0.129**

0.140**

(0.013)

(0.013)

-0.011

-0.012

(0.009)

(0.010)

-0.008

-0.010

(0.020)

(0.021)

0.006

0.007

(0.009)

(0.009)

0.089**

0.090**

(0.009)

(0.009)

0.039**

0.033**

(0.007)

(0.007)

0.042**

0.046**

(0.003)

(0.002)

-0.071**

(0.007)

-0.058**

(0.007)

Yes

Yes

Yes

Yes

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