**Table 7.  Enterprise Survey,** **_Doing Business_ , and global Competitiveness indicators on firm performance, by domestic/foreign firms**

|Dependent Variable|Lgrow<br>(1)|ln(LP)<br>(2)||Lgrow<br>(3)|ln(LP)<br>(4)||Lgrow<br>(5)|ln(LP)<br>(6)|
|---|---|---|---|---|---|---|---|---|
|ES Corruption Obstacles|-0.436***|0.002||||GC Corporate Ethics|-1.208**|-0.068|
||(0.131)|(0.019)|||||(0.521)|(0.102)|
|ES Corruption Obstacles|-0.052|0.025||||GC Corporate Ethics *|0.693|-0.128**|
|* Foreign|(0.261)|(0.028)||||Foreign|(0.466)|(0.057)|
|ES Security Costs|-0.158*|-0.025**||||GC Police System|0.509|0.122|
||(0.083)|(0.011)|||||(0.492)|(0.081)|
|ES Security Costs|0.117|-0.067||||GC Police System *|-0.091|0.072|
|* Foreign|(0.202)|(0.043)||||Foreign|(0.490)|(0.044)|
|ES Web|0.122|0.114***||||GC Broadband|-0.417|0.192**|
||(0.116)|(0.014)|||||(0.365)|(0.075)|
|ES Web * Foreign|0.265|-0.007||||GC Broadband * Foreign|0.187|-0.053|
||(0.304)|(0.031)|||||(0.330)|(0.049)|
|ES Power Outage|-0.163|0.033**|DB Get Electricity|-0.055|0.217***|GC Electricity Quality|-0.397|0.158|
||(0.121)|(0.017)||(0.383)|(0.058)||(0.493)|(0.109)|
|ES Power Outage *|0.089|0.071**|DB Get Electricity *|-0.030|-0.060|GC Electricity Quality *|-0.279|0.039|
|Foreign|(0.277)|(0.031)|Foreign|(0.365)|(0.041)|Foreign|(0.403)|(0.072)|
|ES Skills Obstacles|0.125|-0.018|WB HLO|-0.920*|0.233**|GC Education System|0.327|0.119|
||(0.110)|(0.014)||(0.552)|(0.106)||(0.458)|(0.089)|
|ES Skills Obstacles *|-0.626**|0.021|WB HLO * Foreign|-0.027|0.062|GC Education System *|-0.241|-0.044|
|Foreign|(0.303)|(0.031)||(0.314)|(0.071)|Foreign|(0.349)|(0.059)|
|ES Overdraft|0.006|0.072***|DB Get Credit|-0.091|-0.008|GC Fin Development|1.189**|-0.052|
||(0.128)|(0.018)||(0.340)|(0.066)||(0.451)|(0.078)|
|ES Overdraft * Foreign|0.112|0.045|DB Get Credit *<br>Foreign|0.566|-0.118*|GC Fin Development *|-0.378|-0.025|
||(0.270)|(0.031)|<br>|(0.356)|(0.069)|Foreign|(0.341)|(0.045)|
|ES Ld A|0050|0037***|DB Construction|0062|0034||||
|an ccess|-.|-.|Permit|.|-.||||
|Obstacles|(0.108)|(0.013)||(0.333)|(0.064)||||
|ES Ld A|0584*|0018|DB Construction|0388|0129**||||
|an ccess|.|.|Permit|-.|.||||
|Obstacles * Foreign|(0.330)|(0.034)|<br>* Foreign|(0.326)|(0.064)||||
|Foreign|0.468|-0.034|Foreign|1.113|0.102|Foreign|0.717|0.197|
||(1.764)|(0.156)||(1.821)|(0.194)||(1.854)|(0.197)|
|Country FE|Yes|Yes|Country FE|||Country FE|||
|Country Ctrl|||Country Ctrl|Yes|Yes|Country Ctrl|Yes|Yes|
|Firm Ctrl|Yes|Yes|Firm Ctrl|Yes|Yes|Firm Ctrl|Yes|Yes|
|Year, Industry FE|Yes|Yes|Year, Industry FE|Yes|Yes|Year, Industry FE|Yes|Yes|
|F stat (all interactions= 0)|0.806|1.656||0.790|1.477||0.526|2.803|
|p-value of F test|0.611|0.094||0.581|0.198||0.833|0.009|
|_N_|49,398|44,358||55,515|50,720||55,242|50,670|
|Adj. R2|0.080|0.379||0.053|0.344||0.056|0.345|
|SEs are clustered at the c<br>standardized with their sa<br>and more competitors) an<br>exporter, foreign firm an<br>variables, including ln(G|ity-industry le<br>mple mean a<br>d their intera<br>d foreign shar<br>DP pc), ln(po|vel in colum<br>nd standard d<br>ction with Fo<br>e, city popula<br>pulation) and|ns 1-2, and clustered at<br>eviation. Firm level var<br>reign, together with the<br>tion category dummies<br>ln(population density),|country lev<br>iables inclu<br>biggest ow<br>. In column<br>are control|el in column<br>de two com<br>ner share, m<br>s 1-2 countr<br>led.|s 3-6. All business environ<br>petition dummies (i.e., with<br>iddle scale firm, large firm<br>y FE is controlled. In colu|ment indica<br>one compe<br>, age 6-10, a<br>mns 3-6 coun|tors are<br>titor, with two<br>ge 11+,<br>try level|
|DB = Doing Business; ES|= Enterprise S|urveys; GC =|Global Competitiveness|Index; HLO|= Harmoniz|ed Learning Outcome;Lgro|w = one-yea|r employment|
|<br>growth rate in percentage<br>* _p_< 0.1,** _p_< 0.05,*** _p_|<br>points (grow<br>< 0.01.|<br>th); ln(LP)=l|<br>n(sales/number of empl|<br>oyees) (lab|<br>or productiv|<br>ity); WB = World Bank.|||

34