Table 11 Robustness to industry size definition; industry tariffs and informality; OLS and IV estimation.
From: Trade liberalization and informality in Argentina: exploring the adjustment mechanisms
A) Definition 1: share of small-size firms in industry | B) Definition 2: indicator of small-size industry | |||||||
|---|---|---|---|---|---|---|---|---|
OLS | IV | OLS | IV | |||||
Option 1 | Option 2 | Option 1 | Option 2 | Option 1 | Option 2 | Option 1 | Option 2 | |
(1) | (2) | (3) | (4) | (1) | (2) | (3) | (4) | |
Log of tariffs | 0.045 [0.019]** | 0.031 [0.016]*** | 0.077 [0.063] | 0.03 [0.102] | 0.016 [0.015] | 0.016 [0.015] | − 0.025 [0.062] | − 0.01 [0.103] |
Log of tariffs*S | − 0.119 [0.035]*** | − 0.202 [0.049]*** | − 0.177 [0.050]*** | − 0.259 [0.072]*** | − 0.02 [0.018] | − 0.107 [0.025]*** | − 0.087 [0.034]** | − 0.114 [0.033]*** |
Observations | 26795 | 26795 | 26795 | 26795 | 26795 | 26795 | 26795 | 26795 |
\(R^2\) | 0.18 | 0.18 | 0.18 | 0.18 | ||||
First stage result | ||||||||
Log of tariffs | ||||||||
\(z^1\) | − 0.223 [0.078]*** | − 0.126 [0.080] | − 0.172 [0.069]** | − 0.059 [0.074] | ||||
\(z^1\)*S | 0.075 [0.019]*** | 0.059 [0.022]*** | 0.046 [0.011]*** | 0.015 [0.009]* | ||||
\(z^2\) | − 0.269 [0.106]** | − 0.144 [0.104] | − 0.329 [0.113]*** | − 0.197 [0.121] | ||||
\(z^2\)*S | 0.448 [0.177]** | 0.100 [0.340] | 0.292 [0.081]*** | − 0.284 [0.154]* | ||||
\(R^2\) | 0.75 | 0.74 | 0.76 | 0.74 | ||||
Log of tariffs*S | ||||||||
\(z^1\) | − 0.088 [0.030]*** | − 0.024 [0.135]* | − 0.060 [0.037] | − 0.012 [0.015] | ||||
\(z^1\)*S | − 0.064 [0.009]*** | − 0.079 [0.009]*** | − 0.082 [0.006]*** | − 0.087 [0.008]*** | ||||
\(z^2\) | 0.021 [0.037] | 0.007 [0.021] | 0.006 [0.078] | − 0.054 [0.027]** | ||||
\(z^2\)*S | − 0.039 [0.072] | − 0.237 [0.082]*** | 0.017 [0.056] | − 0.340 [0.110]*** | ||||
\(R^2\) | 0.99 | 0.99 | 0.99 | 0.99 | ||||
Kleibergen-Papp Wald F | 5.33 | 1.24 | 6.29 | 1.4 | ||||
Anderson-Rubin Wald F test (p-value) | 0.0010 | 0.0012 | 0.0192 | 0.0029 | ||||