two-way fixed effects, controlling for FDI
ratio of net migration to 1994 population
(a)(b)(c)(d)(e)(f)
FDI (billion US)0.0050.0100.006
(0.011)(0.011)(0.011)
SOE reform 1998*year 2002-0.024-0.015
(0.388)(0.403)
SOE reform 1998*year 2001-0.042-0.026
(0.386)(0.403)
SOE reform 1998*year 2000-0.0120.026
(0.386)(0.403)
SOE reform 1998*year 19990.0320.065
(0.386)(0.403)
SOE reform 1998*year 19982.862***2.778***3.048***2.981***
(0.336)(0.389)(0.346)(0.403)
SOE reform 1998*year at and after 19980.669***0.654***
(0.244)(0.233)
SOE reform 1998*year 1997-0.069-0.023
(0.394)(0.406)
SOE reform 1998*year 1996-0.860**-0.727*
(0.411)(0.403)
SOE reform 1998*year 19950.2120.095
(0.462)(0.403)
relative FDI increase in 1998*year19980.3490.0670.349
(1.321)(1.353)(1.322)
Year fixed effectyesyesyesyesyesyes
Prefecture fixed effectyesyesyesyesyesyes
N1,5891,5891,5891,5921,5921,592
R20.0490.0060.0530.0520.0060.055
Adjusted R2-0.071-0.121-0.072-0.062-0.113-0.063
F Statistic36.614*** (df = 2; 1409)4.035** (df = 2; 1409)8.804*** (df = 9; 1402)38.751*** (df = 2; 1421)3.937** (df = 2; 1421)9.113*** (df = 9; 1414)
*p < .1; **p < .05; ***p < .01
This table controls for FDI. Columns (a) to (c) controls for FDI in each year of each prefecture, and columns (d) to (f) controls for the interaction between relative FDI decrease in 1998 and year dummy 1998. There is virtually no change as compared to results reported in table 3.2.1.1.