Formal sector subcontracting and informal sector employment in Indian manufacturing

IZA Journal of Labor & Development

Table 5 Correlation coefficients across dimensions of modernity

	Capital per worker	Location	Hired workers	Qualified owner	Modernity index
Capital per worker	1
Location	0.644	1
Hired workers	0.702	0.587	1
Qualified owner	0.474	0.381	0.416	1
Modernity index	0.873	0.813	0.838	0.703	1

Note: N = 258. Unit of observation is the state-industry. All variables are in logs and defined as described in the main text.