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Table 8 Estimation results, modernity index without owner qualification

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

  Employment Hired workers Wage bill Employment Hired workers Wage bill
ln(FS) 0.141* 0.238*** 0.183**    
  0.0726 0.0800 0.0827    
ln(FS)*M 0.0859 0.0696 0.0778    
  0.0547 0.0574 0.0561    
ln(FS)*Q1     0.0226 0.0921 −0.0104
     0.0786 0.112 0.116
ln(FS)*Q2     0.0804 0.214* 0.211*
     0.0984 0.114 0.113
ln(FS)*Q3     −0.0305 0.118 0.167
     0.114 0.135 0.168
ln(FS)*Q4     0.334** 0.377*** 0.259*
     0.139 0.139 0.139
ln(formal emp.) −0.00829 −0.137 −0.100 0.0339 −0.124 −0.109
  0.0873 0.108 0.105 0.0944 0.116 0.114
Constant 7.969*** 5.837*** 16.20*** 8.265*** 6.379*** 16.72***
  1.361 1.370 1.341 1.186 1.279 1.335
Observations 775 775 775 775 775 775
R-squared 0.48 0.43 0.50 0.49 0.42 0.49
  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.