Table 8
Pooled results

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Pooled results: Part 1
Pooled With only plant level variables (1) With plant level and change variables (2)
Probit estimate Marginal effects at median Probit estimate Marginal effects at median
coefficient t-statistics 4 coefficient t-statistics 4 coefficient t-statistics 4 coefficient t-statistics 4
Foreign binary variable 1 0.39022 12.77** 0.02946 10.14** 0.38211 12.68** 0.02795 10.12**
Plant knowledge intensity 0.19104 14.20** 0.00975 10.16** 0.21470 16.13** 0.01067 10.75**
Plant size 0.00776 4.94** 0.00040 4.17** 0.00746 4.91** 0.00037 4.16**
Plant age for younger plants 2 0.01088 9.13** 0.00056 5.71** 0.01027 8.67** 0.00051 5.55**
Plant age for older plants 2 0.01081 7.96** 0.00055 5.02** 0.01034 7.66** 0.00051 4.92**
Plant number of products 0.03326 5.31** 0.00170 4.87** 0.03101 5.09** 0.00154 4.68**
Unrelated plant binary variable 3 0.39364 14.67** 0.02982 8.60** 0.38815 14.59** 0.02856 8.55**
Change in plant knowledge intensity         0.12632 11.26** 0.00628 8.01**
Change in plant size         2.46636 1.04 0.12259 1.06
Change in plant wage rate         -0.05288 -1.88 † -0.00263 -1.83 †
Change in plant profit rate         -0.00077 -0.90 -0.00004 -0.89
Pooled results: Part 2
Pooled With only plant level variables (1) With plant level and change variables (2)
Probit estimate Probit estimate
Observations 416,449 416,449
Pseudo R-squared 0.0846 0.0867
1.
Binary variable taking a value of 1 for foreign plants and 0 for domestic plants.
2.
Plant age for younger plants are for those plants that came into existence after 1961. Plant age for older plants are for plants that came into existence in or before 1961. Since there is no information on the exact age of this group because the database starts in 1961, their age is coded starting in 1961.
3.
Binary variable to capture related or unrelated merger/acquisition. It takes on value of 1 if the acquired plant is owned by a firm whose primary activity is in another industry, and 0 otherwise.
4.
Robust t-statistics.
Note(s):
Regression results on year dummies and the constant are not reported due to space limitations. Dependent variable takes on values of 0 or 1. Definitions for independent variables are documented in Section 4. Symbols **, * and † denote a significance level of 1%, 5% and 10% respectively. Data cells were left blank when variables were not included in the model.
Source(s):
Longitudinal Manufacturing Research Database, Statistics Canada.