Besley & Burgess (2004)Regulation and DevelopmentTable 7 Labor Regulation and Industrial Performance in India: Industry Level Analysis 1980-1997 (1)(2)(3)(4) (5)Log registeredmanufacturing output Log registered manufacturing employment Log registered fixed capital Log number factoriesLog value added per employee Method OLSOLSOLSOLSOLS-0.087*** -0.060*** -0.063* -0.041*** -0.026** Labor regulation [t-1] (3.68) (3.19)(1.86)(2.86)(2.07)State * industry effects YESYESYESYESYESYear effectsYESYESYESYESYESIndustry time trends YESYESYESYESYESAdjusted R20.900.900.810.920.74Observations2132321323205392120621254Notes: Absolute t statistics calculated using robust standard errors clustered at the state-industry level are reported in parentheses, * significant at 10%,** significant at 5%, *** significant at 1%. The data used in the regressions is a panel data set on 3-digit registered manufacturing industries across the sixteen main states of India for the period 1980-1997. The data form an unbalanced panel. Our anlaysis retains state industries which remain in the panel
This is the end of the preview.
access the rest of the document.
labor regulation, LSE Summer School, industry time trends