- 1 1,431 3.02*** -0.21 0.15-0.11*** 0.02*** -0.02*** -0.06*** 0 0 0.09*** 10.34*** 1.68*** -1.57*** (0.295) (0.140) (0.094) (0.033) (0.005) (0.006) (0.019) (0.012) (0.006) (0.011) (1.289) (0.079) (0.049) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 59 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 1 474 1.47*** -0.34-0.23-0.19*** 0.01 0.01 0.05 0.04* 0 0.03* 16.46*** 1.84*** -1.19*** (0.440) (0.227) (0.217) (0.058) (0.008) (0.014) (0.035) (0.023) (0.012) (0.018) (1.971) (0.120) (0.091) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 63 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 1 503 2.32*** -0.05-0.42** -0.13** 0.01 0-0.03 0.01 0.02*** 0 12.42*** 1.43*** -0.88*** (0.545) (0.173) (0.179) (0.063) (0.006) (0.013) (0.025) (0.024) (0.007) (0.019) (1.811) (0.154) (0.078) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 62 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 2 1.57*** 0.04 0.05 0.02 0.02*** 0-0.07*** 0.03** -0.01-0.14-0.58*** -0.64*** -0.83*** -0.94*** 11.58*** (0.282) (0.110) (0.109) (0.029) (0.004) (0.010) (0.017) (0.010) (0.005) (0.097) (0.147) (0.161) (0.177) (0.194) (1.076) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 69 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 2 2,150 1.83*** 0.01-0.11 0.06** 0.01*** -0.01*** -0.08*** 0 0.01*** 0.02*** 11.35*** 1.46*** -1.63*** (0.215) (0.101) (0.068) (0.026) (0.004) (0.004) (0.014) (0.010) (0.004) (0.008) (0.889) (0.066) (0.039) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 56 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 2 2.21*** -0.15** -0.11-0.06*** 0.02*** 0.02* -0.06*** 0 0 0.03 0.02-0.03-0.02-0.13* 12.04*** (0.170) (0.073) (0.082) (0.020) (0.002) (0.008) (0.011) (0.008) (0.003) (0.046) (0.061) (0.069) (0.071) (0.076) (0.716) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 73 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 2 2.41*** -0.02-0.67*** -0.17*** 0 0-0.02 0.08*** 0.02*** 0.04-0.17* -0.07-0.08-0.05 13.35*** (0.288) (0.100) (0.128) (0.031) (0.003) (0.012) (0.012) (0.013) (0.005) (0.072) (0.099) (0.106) (0.106) (0.104) (1.017) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 71 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 2 3.02*** -0.29 0.41* -0.13*** 0.01*** -0.06*** -0.02* -0.08*** 0.02** -0.22-0.26-0.17-0.07 0.29 11.47*** (0.388) (0.194) (0.234) (0.035) (0.005) (0.024) (0.012) (0.016) (0.009) (0.151) (0.197) (0.210) (0.203) (0.182) (1.909) 24 2.08*** -0.19*** -0.02-0.09*** 0.01*** -0.03*** -0.02** 0.02*** 0.01*** -0.17*** -0.28*** -0.32*** -0.31*** -0.19*** 12.79*** (0.141) (0.064) (0.065) (0.014) (0.002) (0.007) (0.009) (0.005) (0.003) (0.046) (0.063) (0.071) (0.071) (0.066) (0.623) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 67 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 3 0.78*** 0.1-0.08-0.01 0-0.01 0 0.05*** 0 0.03-0.06-0.05-0.07-0.1 13.96*** (0.298) (0.097) (0.114) (0.043) (0.004) (0.011) (0.017) (0.012) (0.005) (0.059) (0.077) (0.088) (0.090) (0.091) (0.943) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 74 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 3 2.77*** -0.74* -0.16-0.04 0.04*** -0.01-0.09** -0.01 0.02** -0.14-0.23-0.36-0.44-0.39 15.99*** (0.606) (0.428) (0.236) (0.055) (0.013) (0.021) (0.041) (0.021) (0.011) (0.179) (0.243) (0.291) (0.311) (0.315) (4.033) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 68 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 4 560 3.08*** -0.89*** -0.1-0.1** 0.04*** -0.01-0.09*** 0.01 0.01 0.06*** 16*** 1.21*** -1.56*** (0.380) (0.171) (0.142) (0.043) (0.007) (0.009) (0.028) (0.017) (0.009) (0.020) (1.593) (0.132) (0.075) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 58 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 5 347 1.16** -0.21 0.12-0.05 0.01 0.05*** 0-0.01-0.02* 0.14*** 13.99*** 1.38*** -1.59*** (0.503) (0.327) (0.179) (0.055) (0.009) (0.011) (0.031) (0.024) (0.011) (0.023) (3.010) (0.172) (0.092) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 57 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 6 2.4*** -0.07 0.09-0.19*** 0.01-0.04* 0.01 0.09*** -0.01-0.1-0.13-0.34-0.41* -0.3 10.56*** (0.566) (0.185) (0.237) (0.064) (0.006) (0.024) (0.024) (0.022) (0.009) (0.138) (0.189) (0.234) (0.247) (0.224) (1.887) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 72 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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- 7 679 2.38*** -0.52** -0.78*** -0.16*** 0.02** 0.01-0.01 0.07*** 0.02*** 0.04** 16.36*** 1.56*** -1.54*** (0.448) (0.260) (0.161) (0.052) (0.008) (0.008) (0.027) (0.015) (0.009) (0.015) (2.403) (0.127) (0.068) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 55 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 8 1,727 1.76*** 0.44*** 0.06-0.06* -0.01** -0.01** -0.03* 0.02 0 0.04*** 9.55*** 2.05*** -1.12*** (0.291) (0.090) (0.094) (0.035) (0.003) (0.007) (0.014) (0.013) (0.005) (0.009) (0.950) (0.067) (0.048) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WTHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 64 ___________________________________________________________________________________________________________________________________________________________________ Industry code Number of observations 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ 𑡠𛾠ð¶ð‘œð‘›ð‘ ð‘¡ ð‘™ð‘›ðœŽð‘¢ 2 ð‘™ð‘›ðœŽð‘£ 2
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- 9 2.86*** -0.68*** -0.32*** -0.04 0.04*** 0-0.09*** 0 0.02*** -0.07-0.12-0.16-0.19* -0.17* 13.98*** (0.280) (0.180) (0.122) (0.028) (0.006) (0.010) (0.018) (0.010) (0.006) (0.064) (0.084) (0.095) (0.096) (0.098) (1.417) Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 PRODUCTIVITY CONVERGENCE TRENDS WITHIN RUSSIAN INDUSTRIES: FIRM-LEVEL EVIDENCE OCTOBER 2019 66 ___________________________________________________________________________________________________________________________________________________________________ Industry code 𑙠𑘠𑡠ð‘™2 ð‘˜2 ð‘¡2 𑙠∗ 𑘠𑙠∗ 𑡠𑘠∗ ð‘¡ ð‘¦ð‘’ð‘Žð‘Ÿ ð‘ð‘œð‘›ð‘ ð‘¡ 2012 2013 2014 2015 2016
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