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Kinship Networks, Village Industry, and Max Weber
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18
Table 2_Production Function of Rural Enterprises in Chinese villages (N=160)
Log Sales Income
Log Gross Value
of Output
(Intercept)
†
-1.350
(2.02)
*
1.153
(1.57)
% top thee most common surnames (
×10)
-0.020
(-0.72)
-0.000
(-0.29)
Log Distance from Nearest City
1.034
(2.26)
*
1.368
(2.72)
**
Log Distance from Nearest City Squared
-0.148
(-1.96)
*
-0.210
(2.52)
*
Private Enterprises
0.275
(1.57)
0.305
(1.58)
Coastal Region
-0.811
(-4.80)
***
-0.931
(-5.02)
***
South China
-0.649
(-3.20)
**
-0.689
(-3.09)
**
Light Industry
0.315
(2.39)
**
0.195
(1.35)
Log Capital
0.501
(7.01)
**
0.436
(5.54)
***
Log Labor
0.107
(0.86)
0.080
(0.58)
Log Wage Bill
0.391
(4.09)
***
0.484
(4.60)
***
Restriction
††
-29.5
(-3.28)
***
-24.8
(-2.51)
*
Adjusted R-Square
0.473
0.460
Notes:
†
Figures in parentheses are t-values; asterisks * and ** indicate significance at p<0.05 and
0.01, two-tailed.
††
Restriction refers to the constant return to scale restriction, i.e., the coefficients of log capital,
labor and wage bill sum up to unity. Its significance test is based on Beta distribution.
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18
Table 2_Production Function of Rural Enterprises in Chinese villages (N=160)
Log Sales Income
Log Gross Value
of Output
(Intercept)
†
-1.350
(2.02)
*
1.153
(1.57)
% top thee most common surnames (
×10)
-0.020
(-0.72)
-0.000
(-0.29)
Log Distance from Nearest City
1.034
(2.26)
*
1.368
(2.72)
**
Log Distance from Nearest City Squared
-0.148
(-1.96)
*
-0.210
(2.52)
*
Private Enterprises
0.275
(1.57)
0.305
(1.58)
Coastal Region
-0.811
(-4.80)
***
-0.931
(-5.02)
***
South China
-0.649
(-3.20)
**
-0.689
(-3.09)
**
Light Industry
0.315
(2.39)
**
0.195
(1.35)
Log Capital
0.501
(7.01)
**
0.436
(5.54)
***
Log Labor
0.107
(0.86)
0.080
(0.58)
Log Wage Bill
0.391
(4.09)
***
0.484
(4.60)
***
Restriction
††
-29.5
(-3.28)
***
-24.8
(-2.51)
*
Adjusted R-Square
0.473
0.460
Notes:
†
Figures in parentheses are t-values; asterisks * and ** indicate significance at p<0.05 and
0.01, two-tailed.
††
Restriction refers to the constant return to scale restriction, i.e., the coefficients of log capital,
labor and wage bill sum up to unity. Its significance test is based on Beta distribution.
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