<!-- Start of picture text --> DV: Dummy representing whether a Services (excl. construction Services, product based<br>firm is servitized or not and others) description<br>a a a a ar rr a a re<br>(1) (2) (3) (4) (5) (6) (7) (8)<br>Total factor productivity 0.082*** 0.083*** 0.169** 0.082*** 0.109**#* 0.129*** 0.214*** 0.110***<br>(0.024) (0.032) (0.081) (0.024) (0.024) (0.032) (0.077) (0.024)<br>Logged age 0.216* 0.212 0.312 0.224* 0.095 0.090 0.033 0.109<br>(0.129) (0.129) (0.320) (0.129) (0.123) (0.123) (0.290) (0.123)<br>Small-sized firm -0.275*** -0.276*** -0.238 0.056 -0.303*** -0.302*** -0.046 0.101<br>(0.101) (0.101) (0.387) (0.232) (0.099) (0.099) (0.381) (0.225)<br>Mid-sized firm -0.175*** -0.176*** -0.330** -0.230 -0.186*** -0.187*** -0.353** — -0.174<br>(0.063) (0.063) (0.158) (0.149) (0.061) (0.061) (0.155) (0.144)<br>Logged goods exports 0.023*** 0.023*** 0.037*** 0.023*** 0.022*** 0.022*** 0.035*** 0.022***<br>(0.005) (0.005) (0.012) (0.005) (0.004) (0.004) (0.012) (0.004)<br>Logged services exports 0.064*** 0.064*** 0.067*** 0.064*** 0.068*** 0.068*** 0.069*** 0.068***<br>(0.007) (0.007) (0.011) (0.007) (0.007) (0.007) (0.011) (0.007)<br>Logged imports 0.021*** 0.021*** 0.042** 0.020*** 0.028*** 0.028*** 0.047** 0.028***<br>(0.005) (0.005) (0.019) (0.005) (0.005) (0.005) (0.019) (0.005)<br>Exposure to imports 0.208*** 0.197*** -0.016 0.215*** 0.160*** 0.151*** 0.210 0.177***<br>(0.040) (0.040) (0.178) (0.044) (0.038) (0.039) (0.172) (0.043)<br>High productivity firm 0.019 0.006<br>*exposure to imports (0.013) (0.013)<br>Low productivity firm 0.016 0.021<br>*exposure to imports (0.014) (0.014)<br>Logged R&D intensity 0.178* 0.050<br>(0.107) (0.103)<br>Logged R&D intensity -0.035 -0.003<br>*exposure to imports (0.026) (0.025)<br>Small-sized firm -0.093 -0.114**<br>*exposure to imports (0.059) (0.058)<br>Mid-sized firm 0.016 -0.003<br>*exposure to imports (0.038) (0.036)<br>Number of observations 27499 27499 6347 27499 28061 28061 6491 28061<br>Number of firms 2944 2944 674 2944 3014 3014 694 3014<br>Notes: See Table 3<br><!-- End of picture text -->

|DV: Dummy representingwhether a|Services|(excl. con|struction||Service|s, product|based||
|---|---|---|---|---|---|---|---|---|
|firmisservitizedornot<br>|a<br>|ndothers<br>|)<br>||d<br>|escription<br>|||
|<br>a|a<br>(1)|<br>a<br>(2)|a<br>(3)|ar<br>(4)|rr <br>(5)|a<br>(6)|a<br>(7)|re<br>(8)|
|Totalfactorproductivity|0.082***|0.083***|0.169**|0.082***|0.109**#*|0.129***|0.214***|0.110***|
||(0.024)|(0.032)|(0.081)|(0.024)|(0.024)|(0.032)|(0.077)|(0.024)|
|Logged age|0.216*|0.212|0.312|0.224*|0.095|0.090|0.033|0.109|
||(0.129)|(0.129)|(0.320)|(0.129)|(0.123)|(0.123)|(0.290)|(0.123)|
|Small-sized firm|-0.275***|-0.276***|-0.238|0.056|-0.303***|-0.302***|-0.046|0.101|
||(0.101)|(0.101)|(0.387)|(0.232)|(0.099)|(0.099)|(0.381)|(0.225)|
|Mid-sized firm|-0.175***|-0.176***|-0.330**|-0.230|-0.186***|-0.187***|-0.353**|—-0.174|
||(0.063)|(0.063)|(0.158)|(0.149)|(0.061)|(0.061)|(0.155)|(0.144)|
|Loggedgoods exports|0.023***|0.023***|0.037***|0.023***|0.022***|0.022***|0.035***|0.022***|
||(0.005)|(0.005)|(0.012)|(0.005)|(0.004)|(0.004)|(0.012)|(0.004)|
|Logged services exports|0.064***|0.064***|0.067***|0.064***|0.068***|0.068***|0.069***|0.068***|
||(0.007)|(0.007)|(0.011)|(0.007)|(0.007)|(0.007)|(0.011)|(0.007)|
|Logged imports|0.021***|0.021***|0.042**|0.020***|0.028***|0.028***|0.047**|0.028***|
||(0.005)|(0.005)|(0.019)|(0.005)|(0.005)|(0.005)|(0.019)|(0.005)|
|Exposure to imports|0.208***|0.197***|-0.016|0.215***|0.160***|0.151***|0.210|0.177***|
||(0.040)|(0.040)|(0.178)|(0.044)|(0.038)|(0.039)|(0.172)|(0.043)|
|High productivity firm||0.019||||0.006|||
|*exposure to imports||(0.013)||||(0.013)|||
|Lowproductivity firm||0.016||||0.021|||
|*exposure to imports||(0.014)||||(0.014)|||
|LoggedR&D intensity|||0.178*||||0.050||
||||(0.107)||||(0.103)||
|LoggedR&D intensity|||-0.035||||-0.003||
|*exposure to imports|||(0.026)||||(0.025)||
|Small-sized firm||||-0.093||||-0.114**|
|*exposure to imports||||(0.059)||||(0.058)|
|Mid-sized firm||||0.016||||-0.003|
|*exposure to imports||||(0.038)||||(0.036)|
|Number ofobservations|27499|27499|6347|27499|28061|28061|6491|28061|
|Number offirms|2944|2944|674|2944|3014|3014|694|3014|
|Notes:SeeTable3|||||||||