Table 2: Summary Statistics

||Mean|Median|Std. Dev.|Min.|Max.|Obs.|
|---|---|---|---|---|---|---|
|Firm entry rate (%)|0.597|0.574|0.306|0|1|14,476|
|Firm exit rate (%)|0.524|0.500|0.292|0|1|12,744|
|Entrant 1<sup>st </sup>year survival rate (%)|0.286|0.250|0.294|0|1|12,654|
|Entrant 2<sup>nd </sup>year survival rate (%)|0.151|0|0.228|0|1|11,343|
|Entrant 3<sup>rd </sup>year survival rate (%)|0.110|0|0.194|0|1|5,966|
|Log import uncertainty|2.195|2.303|0.845|0|3.970|14,476|
|Log time to import (days)|2.422|2.466|0.527|0.916|3.713|14,476|
|Log median time to import (days)|2.035|1.946|0.653|0.693|4.094|14,476|
|Common border|0.052|0|0.222|0|1|14,476|
|Colony|0.008|0|0.087|0|1|14,476|
|Log distance|8.573|8.819|0.901|5.089|9.886|14,476|
|Trade agreement|0.536|1|0.499|0|1|14,476|
|Log tarifs|1.311|1.281|1.249|0|5.972|14,476|
|Log exporter GDP cap.|8.086|8.383|1.062|5.840|9.673|14,476|
|Log importer GDP cap.|8.975|9.077|1.532|5.065|11.64|14,476|
|Log exporter entry cost (% GNI)|3.190|3.437|1.063|0.405|5.308|14,476|
|Log importer entry cost (% GNI)|2.300|2.389|1.669|-2.303|7.181|14,476|
|Log documents to import|1.947|1.946|0.333|1.099|3.045|14,390|
|Log LPI timeliness|1.178|1.203|0.135|0.756|1.379|13,338|
|High-income destination|0.716|1|0.451|0|1|14,476|
|Sector 1|0.223|0|0.416|0|1|14,476|
|Sector 2|0.194|0|0.396|0|1|14,476|
|Sector 3|0.115|0|0.318|0|1|14,476|
|Sector 4|0.264|0|0.441|0|1|14,476|
|Sector 5|0.204|0|0.403|0|1|14,476|
|Log export uncertainty|1.555|1.609|0.960|0|3.738|11,888|
|Log time to export (days)|1.879|1.852|0.569|0.693|3.689|13,836|
|Log median time to export (days)|1.607|1.386|0.647|0.693|3.689|13,836|
|**Panel A: All Firms**|||||||
|Log direct exports (% sales)|1.675|1.761|1.141|-3.818|3.838|14,476|
|Log direct imports (%)|-0.744|-0.634|0.504|-2.711|0|14,476|
|Log experience|2.457|2.510|0.414|0.348|3.570|14,476|
|Log nb. of employees|4.041|3.955|0.649|2.180|6.073|14,476|
|Log TFP|0.495|0.511|0.228|-0.780|1.155|14,476|
|Log collateral (%)|-0.323|-0.220|0.340|-1.871|0|14,456|
|Log no loan application (%)|-1.076|-0.950|0.679|-4.343|-0.033|14,405|
|Log bribes (% annual sales)|0.737|0.475|0.724|0|3.024|14,098|
|Log licensing obstacle (%)|-2.203|-2.066|0.924|-6.335|-0.114|13,469|
|**Panel B: Exporting Firms**|||||||
|Log direct exports (% sales)|3.448|3.478|0.610|0.692|4.605|14,476|
|Log direct imports (%)|-0.303|-0.189|0.388|-2.549|0|14,274|
|Log experience|2.497|2.550|0.450|0.423|3.871|14,410|
|Log nb. of employees|4.890|4.930|0.899|1.609|7.436|14,463|
|Log TFP|0.572|0.618|0.313|-0.667|1.433|13,798|
|Log collateral (%)|-0.287|-0.154|0.400|-3.042|0|13,475|
|Log no loan application (%)|-1.254|-1.151|0.850|-3.836|0|11,203|
|Log bribes (% annual sales)|0.502|0.187|0.699|0|3.857|13,148|
|Log licensing obstacle (%)|-2.079|-1.976|1.031|-5.105|0|10,835|

Notes: Authors’ calculations based on WBES, CEPII, Jeffrey Bergtrand’s website, WITS, Doing Business and LPI. Descriptive statistics computed from the sample of Column 1 of Table 3. Variables from WBES calculated over the entire population of firms (Panel A) or the sample of exporting firms only (Panel B). The description and source of variables are provided in Table A3 in the Appendix.

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