VARIABLES	(1)	(2)	(3)	(4)	(5)	(6)
ofdi	0.165^***	0.108^***	0.086^***	0.089^***	0.046^***	0.022^***
ofdi	(0.010)	(0.013)	(0.013)	(0.016)	(0.011)	(0.007)
wage		0.077^***	0.077^***	0.077^***	0.077^***	0.077^***
wage		(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
age		−0.033^***	−0.031^***	−0.031^***	−0.031^***	−0.031^***
age		(0.001)	(0.001)	(0.001)	(0.001)	(0.001)
capital		−0.006^***	−0.008^***	−0.008^***	−0.008^***	−0.008^***
capital		(0.000)	(0.000)	(0.000)	(0.000)	(0.000)
sales		0.021^***	0.021^***	0.021^***	0.021^***	0.021^***
sales		(0.000)	(0.000)	(0.000)	(0.000)	(0.000)
profit		−0.010^***	−0.010^***	−0.010^***	−0.010^***	−0.010^***
profit		(0.000)	(0.000)	(0.000)	(0.000)	(0.000)
fies			0.030^***	0.030^***	0.030^***	0.030^***
fies			(0.004)	(0.004)	(0.004)	(0.004)
hmtie			0.023^***	0.023^***	0.023^***	0.023^***
hmtie			(0.005)	(0.005)	(0.005)	(0.005)
coes			−0.156^***	−0.156^***	−0.156^***	−0.156^***
coes			(0.002)	(0.002)	(0.002)	(0.002)
private			−0.074^***	−0.074^***	−0.074^***	−0.074^***
private			(0.001)	(0.001)	(0.001)	(0.001)
east			−0.031^***	−0.031^***	−0.031^***	−0.031^***
east			(0.001)	(0.001)	(0.001)	(0.001)
middle			0.007^***	0.007^***	0.007^***	0.007^***
middle			(0.001)	(0.001)	(0.001)	(0.001)
Constant	−0.456^***	−0.780^***	−0.702^***	−0.702^***	−0.702^***	−0.702^***
Constant	(0.002)	(0.003)	(0.004)	(0.004)	(0.004)	(0.004)
Observations	1,682,701	1,205,488	1,205,488	1,205,488	1,205,488	1,205,488
R-squared	0.034	0.055	0.062	0.062	0.062	0.062
F	14,450	8135	5755	5752	5751	5751