Table 12
Propensity-score matching, probit results

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Propensity-score matching, probit results: Part 1
Dependent variable Entry equals 1 Exit equals 1
  coefficient standard error coefficient standard error
Relative labour productivity 0.150 ** 0.019 -0.140 ** 0.060
Relative employment 0.390 ** 0.015 -0.700 ** 0.059
Relative employment (squared) -0.010 ** 0.001 0.040 ** 0.005
Age 0.010 ** 0.005 0.030 ** 0.011
Foreign-controlled 0.030 0.071 -0.180 ** 0.083
Canadian tariff changes 0.130 0.083 -0.340 * 0.209
U.S tariff changes -0.180 0.142 0.220 0.321
Real exchange rate changes -0.010 0.033 0.010 0.031
Real industry shipment changes 0.000 0.003 0.010 0.005
Propensity-score matching, probit results: Part 2
Diagnostic statistics Entry equals 1 Exit equals 1
Number of observations 8,949 2,256
Log likelihood -3,200.7 -872.5
Pseudo R-squared 0.180 0.180
Note(s):
** and * significant at the 5 percent and 10 percent levels, respectively.
Source(s):
Authors' calculations.