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Table A2. Decomposition of average firm employment growth, Cohesion vs. EU8 countries.

Positive number = gap between Cohesion (high growth) and EU8 (low growth) E=Endowments (number of firms in sector/category); C=Coefficient (mean firm growth in sector/category); CE=Interaction of C & E

E

C

CE

C+CE

C+CE

Coef.

-0.10

0.50

-0.04

0.46

0.36

11.51

0.21

-0.46

-0.07

-0.53

-0.32

3.97

-0.34

-0.26

0.06

-0.20

-0.54

13.50

-0.19

0.49

-0.05

0.44

0.24

7.29

-0.21

0.70

-0.10

0.60

0.39

15.93

0.09

-0.04

-0.03

-0.08

0.01

1.14

-0.54

0.93

-0.24

0.69

0.14

0.17

-0.15

-0.20

-0.35

-0.18

-0.62

-0.37

0.78

-0.44

0.34

-0.04

1.22

1.22

-1.22

0.00

1.22

n.a.

0.05

0.05

-0.05

0.00

0.05

n.a.

1.27

1.27

-1.27

0.00

1.27

n.a.

0.93

0.93

-0.93

0.00

0.93

n.a.

0.05

0.05

-0.05

0.00

0.05

n.a.

0.98

0.98

-0.98

0.00

0.98

n.a.

Size-ownership interactions - UNWEIGHTED

Cohesion growth

7.70

EU8 growth

5.49

Differential=E+C+CE

2.21

Variables Construction Manufacturing Transport Trade Real estate Hotels & restaurants

Sectors (all) Size (new private)

Sectors/new private size State Size (state)

State/state size Privatized Size (privatized)

Privatized/privatized size

Cohesion

Pred. 1.50 1.05 1.05 2.07 1.95 0.14 7.75

  • -

    0.06

7.70

Amount attributable to

E+

  • n.

    a.

  • n.

    a.

  • n.

    a.

  • n.

    a.

  • n.

    a.

  • n.

    a.

0.089

Sig *** *** *** *** ***

.

Mean 0.130 0.265 0.078 0.284 0.122

0.121

Total Memo item: number of obs *=10%, **=5%, ***=1%

1.88

3.02

  • -

    2.68

0.34

2.21

2,011

7.70

Coef.

Sig.

Mean.

8.01

***

0.143

5.97

***

0.229

16.10

***

0.099

5.75

***

0.318

11.00

***

0.142

1.77

0.070

EU8

-10.14

***

-2.13

**

-15.61

***

0.078

-1.38

0.035

3.32

0.038

0.092 0.025

2,786

Pred. 1.14 1.37 1.59 1.83 1.56 0.12 7.61 0.13 7.74

  • -

    1.22

  • -

    0.05

  • -

    1.27

  • -

    0.93

  • -

    0.05

  • -

    0.98

5.49

74

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