**Table 7: Correlates of (in)formality**

||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|(13)|(14)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|VARIABLES|formal|formal|formal|formal|formal|formal|formal|formal|formal|formal|formal|formal|formal|formal|
|lnlp2|0.0643***|0.0534***|0.0608***|0.0571***|0.0567***|0.0489***|0.0480***|0.0474***|0.0406***|0.0360**|0.0411***|0.0320**|0.0397**|0.0501***|
||(0.0154)|(0.0157)|(0.0153)|(0.0153)|(0.0153)|(0.0156)|(0.0156)|(0.0156)|(0.0157)|(0.0157)|(0.0154)|(0.0154)|(0.0161)|(0.0155)|
|size = 2, 1_or_2|||||||||||||0.237***<br>|0.238***<br>|
||||||||||||||(0.0502)|(0.0481)|
|size = 3, 3_or_more|||||||||||||0.317***|0.324***|
||||||||||||||(0.0745)|(0.0678)|
|gender_age = 2, old male|0.100*|0.112**|0.0904|0.100*|0.0997*|0.108*|0.0942*|0.107*|0.100*|0.106**|0.0804|0.0825|0.0460|0.0400|
||(0.0565)|(0.0552)|(0.0566)|(0.0563)|(0.0559)|(0.0553)|(0.0552)|(0.0547)|(0.0544)|(0.0542)|(0.0566)|(0.0562)|(0.0599)|(0.0592)|
|gender_age = 3, young female|0.223***|0.216***|0.237***|0.225***|0.226***|0.219***|0.218***|0.227***|0.218***|0.212***|0.202**|0.199**|0.141*|0.154**|
||(0.0801)|(0.0810)|(0.0821)|(0.0819)|(0.0821)|(0.0810)|(0.0811)|(0.0822)|(0.0813)|(0.0807)|(0.0791)|(0.0801)|(0.0781)|(0.0760)|
|gender_age = 4, young male|0.135*|0.137*|0.141**|0.127*|0.134*|0.134*|0.132*|0.171**|0.169**|0.168**|0.108|0.141*|0.0832|0.0471|
||(0.0703)|(0.0702)|(0.0711)|(0.0693)|(0.0700)|(0.0691)|(0.0700)|(0.0731)|(0.0732)|(0.0724)|(0.0701)|(0.0736)|(0.0751)|(0.0714)|
|urban = 1|0.0872*|0.0836*|0.0904*|0.0812*|0.0836*|0.103**|0.0890*|0.0669|0.0751|0.0909*|0.0914**|0.0875*|0.124***|0.120***|
||(0.0487)|(0.0485)|(0.0486)|(0.0478)|(0.0481)|(0.0474)|(0.0475)|(0.0488)|(0.0483)|(0.0483)|(0.0461)|(0.0469)|(0.0443)|(0.0424)|
|have_electricity = 1|0.207***|0.203***|0.190***|0.176***|0.178***|0.168***|0.174***|0.184***|0.180***|0.173***|0.170***|0.179***|0.120**|0.118**|
||(0.0520)|(0.0522)|(0.0532)|(0.0533)|(0.0538)|(0.0541)|(0.0536)|(0.0545)|(0.0542)|(0.0547)|(0.0529)|(0.0536)|(0.0560)|(0.0542)|
|schooling_owner|||0.00488||0.00369|0.00383|0.00446|0.00356|0.00432|0.00437|0.00414|0.00461|0.00472||
||||(0.00334)||(0.00335)|(0.00336)|(0.00326)|(0.00341)|(0.00331)|(0.00333)|(0.00327)|(0.00328)|(0.00329)||
|vocational = 1||||0.128*|0.116*|0.0948|0.0919|0.0707|0.0494|0.0361|0.0779|0.0382|-0.0153||
|||||(0.0666)|(0.0671)|(0.0685)|(0.0678)|(0.0682)|(0.0687)|(0.0684)|(0.0674)|(0.0681)|(0.0633)||
|transform = 1|||0.121***|0.109**|0.109**|0.106**|0.105**|0.133***|0.129***|0.127***|0.112**|0.126***|0.0991**|0.0891**|
||||(0.0456)|(0.0458)|(0.0459)|(0.0452)|(0.0458)|(0.0463)|(0.0462)|(0.0456)|(0.0445)|(0.0451)|(0.0420)|(0.0415)|
|loan = 1||||||0.0499||||0.0389|0.0216|0.00210|-0.0335||
|||||||(0.0930)||||(0.0931)|(0.0926)|(0.0937)|(0.0769)||
|credit_line_suppliers = 1||||||0.0955*||||0.0772|0.0802|0.0770|0.0359||
|||||||(0.0580)||||(0.0637)|(0.0582)|(0.0636)|(0.0514)||
|customers_abroad = 1||0.151*||||||||||0.0681|0.0658||
|||(0.0882)||||||||||(0.0874)|(0.0778)||
|customers_big_entrp = 1|||||||0.160*||0.141|0.121||0.0537|0.0227||
||||||||(0.0897)||(0.0944)|(0.0956)||(0.0918)|(0.0767)||
|non_local_buyers = 1||||||||0.133|0.113|0.0979||0.0343|0.0203||
|||||||||(0.0822)|(0.0845)|(0.0869)||(0.0895)|(0.0885)||
|suppliers_formal = 1|||||||||||0.312***|0.267***|0.241***|0.284***|
||||||||||||(0.0739)|(0.0787)|(0.0733)|(0.0702)|
|suppliers_abroad = 1|||||||||||-0.108|-0.122|-0.128*|-0.112*|
||||||||||||(0.0738)|(0.0761)|(0.0655)|(0.0656)|
|manuf = 1|0.124|0.0932|0.152|0.125|0.128|0.122|0.111|0.138|0.123|0.121|0.140|0.142|0.102|0.0962|
||(0.101)|(0.0984)|(0.0978)|(0.0995)|(0.0998)|(0.103)|(0.102)|(0.100)|(0.102)|(0.105)|(0.106)|(0.108)|(0.0921)|(0.0891)|
|trade = 1|0.0765|0.0772|0.0887*|0.112**|0.104**|0.108**|0.101*|0.115**|0.112**|0.116**|0.0929*|0.105**|0.135***|0.124***|
||(0.0529)|(0.0519)|(0.0529)|(0.0518)|(0.0528)|(0.0524)|(0.0525)|(0.0528)|(0.0523)|(0.0516)|(0.0521)|(0.0518)|(0.0475)|(0.0463)|
|service = 1|0.143**|0.129**|0.118**|0.121**|0.112*|0.111*|0.105*|0.112**|0.106*|0.106*|0.0910|0.0905|0.0666|0.0803|
||(0.0570)|(0.0568)|(0.0571)|(0.0580)|(0.0578)|(0.0575)|(0.0576)|(0.0569)|(0.0573)|(0.0570)|(0.0579)|(0.0580)|(0.0528)|(0.0533)|
|Observations|502|502|502|502|502|502|502|489|489|489|502|489|489|502|
|Standard errors in parentheses|*** p<0.01, **|p<0.05, * p<0|.1||||||||||||

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