Skip to main content

Table 3 Industrial value-added Production of China and Pakistan

From: Effect of regional factor productivity on manufacturing sector: The case of Sino-Pak economic ties

Independent Var. Impact on value-added production

China

Pakistan

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

\( {\mathcal{L}}_i \)

_

_

_

−.032(.041)*

_

_

_

.215(.228)*

λi

_

_

_

.725 (.055)***

_

_

_

.400(.196)*

pi

_

_

_

.318(.111)***

_

_

_

−.035(.224)*

Γi

.9212(.028)***

.806(.028)***

.930(.068)***

_

.855(.038)***

.849(.039)***

.522(.264)***

_

Ï•i

_

.190(.034)***

.193(.028)***

.204(.032)***

_

.010(.021)*

.0401(.025)*

.004(.037)*

VXi

_

_

−.121(.043)***

−.045(.042)*

_

_

.183(.079)***

.228(.069)*

VMi

_

_

.008(.035)*

.016(.033)*

_

_

.0416(.101)*

.075(.116)***

Cons.

.003(.002)*

.001(.001)*

−.001(.001)*

−.009(.004)***

.0068(.002)***

.007(.002)***

.010(.004)***

.005(.009)*

No. of Obs.

21

21

21

21

21

21

21

21

Panel-specific AR(1)

0.784

0.146

0.107

−0.353

0.327

0.334

0.219

0.019

Wald Chi2(1)

1093.2

9737.4

16,002.7

25,955.82

510.5

508.43

886.48

1413.80

Prob > chi2

0.000

0.000

0.000

0.000

0.000

0.000

0.000

0.000

  1. ***p < 0.01, ** 0.01 ≤ p < 0.05, * 0.05 ≤ p < 0. 10, standard errors are included in parenthesis. Γ stands for market share, λ for capital share, \( \mathcal{L} \) for labor share, VX, VM represent value-added export and import, respectively. ϕ explains the volume of foreign direct investment and p stands for consumer price index, respectively