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Table 1 Foreign trade, FDI, and sectoral income levels (2000–2014)

From: Global market and income gaps between industries: evidence from finance industry and manufacturing industry

  Model 1 Model 2 Model 3 Model 4 Model 5 Model 6
Monopolistic sector Non-finance monopolistic industries Finance industry Competitive sector Non-manufacturing competitive industries Manufacturing industry
Lagged variable −.338*** (.0546) −.388*** (.0807) −.407*** (.0768) −.450*** (.0755) −.478*** (.0768) −.496*** (.0626)
Contribution to GDP −.00354 (.00451) .000189 (.00347) .00394 (.00685) −.00604 (.00511) −.00638 (.00560) −.00207 (.00450)
Foreign trade −.000278* (.000141) .0000737 (.000252) .00122*** (.000311) .000263 (.000394) .000298 (.000427) .000400 (.000347)
FDI .00271 (.00170) .000150 (.00305) −.00120 (.00296) −.00223 (.00322) −.000265 (.00340) −.0178*** (.00390)
GDP −.0598 (.0559) .0531 (.0628) −.0346 (.0827) .0372 (.0691) .0399 (.0750) .0773 (.0888)
GDP per capita .118** (.0521) .0245 (.0410) .0981* (.0493) .0146 (.0365) .0171 (.0398) .00236 (.0445)
Male workers as % of the workforce .000452 (.000804) .00161 (.00215) .00506*** (.00155) −.000425 (.00252) −.000730 (.00272) .00311 (.00270)
% of the workforce with a college degree or higher .0136*** (.00267) −.000811 (.00132) .0260*** (.00510) −.00159 (.00111) − 00170 (.00119) −.000786 (.00152)
Years after 2008 .125*** (.0333) .176*** (.0502) .243*** (.0551) .0676*** (.0237) .0715*** (.0255) .323*** (.0735)
Constant term 1.594 (1.033) .453 (1.368) .523 (1.645) 1.311 (1.613) 1.371 (1.746) .398 (1.976)
R 2 .50 .53 .62 .50 .48 .52
Sample size 321 220 321 218 218 220
  1. Note: (1) *p < 0.1, **p < 0.05, ***p < 0.01 (two-tailed test); (2) standard error in parenthesis