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Table 7 Estimation results

From: Formal sector subcontracting and informal sector employment in Indian manufacturing

  Employment Hired workers Wage bill Employment Hired workers Wage bill
ln(FS) 0.138* 0.234*** 0.177**    
  (0.0710) (0.0789) (0.0819)    
ln(FS)*M 0.112* 0.119* 0.124*    
  (0.0638) (0.0649) (0.0635)    
ln(FS)*Q1     0.0175 0.119 0.0354
     (0.0763) (0.114) (0.118)
ln(FS)*Q2     −0.0386 0.0311 −0.0149
     (0.0982) (0.0952) (0.101)
ln(FS)*Q3     0.0963 0.305* 0.394**
     (0.150) (0.159) (0.196)
ln(FS)*Q4     0.361*** 0.402*** 0.277**
     (0.139) (0.135) (0.133)
ln(formal emp.) −0.00768 −0.139 −0.104 0.0293 0.0293 −0.111
  (0.0878) (0.111) (0.108) (0.0916) (0.0916) (0.114)
Constant 8.057*** 5.952*** 16.37*** 8.268*** 6.062*** 16.16***
  (1.323) (1.329) (1.301) (1.292) (1.320) (1.438)
Observations 774 774 774 774 774 774
R-squared 0.479 0.421 0.491 0.492 0.421 0.488
  1. Note: All dependent variables are in logs. All estimations include state-year and industry-year effects and an interaction of the modernity index (or quartile) with year dummies. Standard errors clustered at state-industry level are reported in parentheses below the point estimates; *significant at the .10 level; **at the .05 level; ***at the .01 level.