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File2-page39 - Besley Burgess(2004 36 Regulation and...

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Besley & Burgess (2004) Regulation and Development Table 5: Labor Regulation and Employment, Investment and Productivity in Registered Manufacturing in India: 1958-1992 (1) (2) (3) (4) (5) (6) Log registered manufacturing employment Log daily employment in registered manufacturing Log earnings per worker in registered manufacturing Log fixed capital per capita Log number of factories per capita Log value added per employee Method OLS OLS OLS OLS OLS OLS -0.072* -0.285*** 0.008 -0.120** -0.234*** -0.127** Labor regulation [t-1] (1.70) (3.48) (0.09) (2.49) (3.44) (2.16) 0.076 0.327* 0.207 0.594*** 0.229 0.262** Log develop expenditure per capita (0.64) (1.82) (1.52) (2.93) (1.50) (2.09) 0.073 0.111 0.019 0.232* 0.037 -0.034 Log installed electricity capacity per capita (1.34) (1.51) (0.34) (1.82) (0.95) (0.45) -0.099 2.122 1.116 -1.130 1.18 -1.19 Log state population (0.09) (1.14) (0.93) (0.61) (0.42) (0.81) 0.008 -0.009 -0.037* 0.008 -0.006 0.009 Congress majority (0.61) (0.39) (1.66) (0.43) (0.36) (0.73) -0.028 -0.124*** 0.0004 0.001 -0.044* 0.019 Hard left majority (1.43) (3.93) (0.01) (0.05) (1.81) (0.90) 0.050* -0.024 -0.002 0.001 0.028 -0.003 Janata Majority (1.67) (0.59) (0.04) (0.04) (0.66) (0.10) 0.007 0.018 -0.003 0.0002 -0.032 -0.0001 Regional majority (0.31) (0.69) (0.34) (0.02) (1.49) (0.02) State effects YES YES YES YES YES YES Year effects YES YES YES YES YES YES Adjusted R 2 0.98 0.91 0.75 0.80 0.90 0.64 Observations 516 459 513 515 460 435
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