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Table 6 Panel probit regression results for domestic industry exits between 2006 and 2019 and their weighted closeness cohesive measure as independent variable

From: The role of relatedness and strategic linkages between domestic and MNE sectors in regional branching and resilience

Baseline period 2006–2009 2010–2014
  (1) (2) (3) (4) (5) (1) (2) (3) (4) (5)
MNE industry – 0.607**
(0.271)
– 0.570**
(0.281)
– 0.593** (0.272) – 0.586**
(0.274)
– 0.569**
(0.286)
– 0.140
(0.255)
– 0.140
(0.255)
– 0.118
(0.257)
– 0.036
(0.264)
– 0.048
(0.265)
\(WC_{excl D}\)   – 0.304***
(0.097)
   – 0.337***
(0.102)
  – 0.068
(0.069)
   – 0.103
(0.077)
\(WC_{excl M}\)    0.094
(0.150)
  – 0.049
(0.163)
   0.340***
(0.166)
  0.235**
(0.191)
\(WC_{overlap}\)     – 0.148**
(0.084)
– 0.204**
(0.102)
    – 0.372***
(0.098)
– 0.372***
(0.111)
Region FE Y Y Y Y Y Y Y Y Y Y
Industry FE Y Y Y Y Y Y Y Y Y Y
Constant – 1.193*
(0.622)
1.165
(0.979)
– 1.207*
(0.623)
– 1.030
(0.641)
1.623
(1.036)
– 21.305
(3.32e+06)
– 14.167
(3.32e+06)
– 10.715
(3.32e+06)
– 16.713
(3.32e+06)
– 16.943
(3.32e+06)
N 1166 1166 1166 1166 1166 1194 1194 1194 1194 1194
AUC 0.9466 0.9512 0.9460 0.9455 0.9514 0.9479 0.9478 0.9501 0.9549 0.9561
Baseline period 2015–2019
(1) (2) (3) (4) (5)
MNE industry 0.025
(0.334)
0.028
(0.337)
0.028
(0.335)
0.040
(0.334)
0.114
(0.339)
WCexclD    − 0.146
(0.086)
    − 0.128
(0.090)
WCexclM     − 0.726
(0.169)
   − 0.269
(0.173)
WCoverlap      − 0.093
(0.335)
 − 0.105
(0.078)
Region FE Y Y Y Y Y
Industry FE Y Y Y Y Y
Constant  − 15.163
(3.32e + 06)
 − 12.568
(3.32e + 06)
 − 14.402
(3.32e + 06)
 − 14.734
(3.32e + 06)
 − 15.568
(3.32e + 06)
N 1181 1181 1181 1181 1181
AUC 0.9650 0.9657 0.9656 0.9645 0.9662
  1. Robust standard error in parenthesis; *\(p<0.1\), **\(p<0.05\), ***\(p<0.01\)