Empirical Analysis of Influence of Furniture Manufacturing Servitization on Industry Performance Based on Big Data
Table 3
Influence of servitization on the furniture manufacturing industry.
Before the dependent variable
Δ Vapc
Δ Vapc
Δ Vapc
Δ Tfp
Δ Tfp
Δ Tfp
2000–2014
2000–2007
2008–2014
2000–2014
2000–2007
2008–2014
Δ Ser
219.711
300.914
328.907
11.613
3.366
12.525
(316.964)
(239.419)
(330.165)
(4.845)
(7.360)
(5.198)
Δ Ser x Δ Vapc
19.325
46.268
19.233
(7.428)
(8.183)
(7.043)
Δ Ser x Δ Tfp
3.605
92.721
3.635
(5.928)
(109.531)
(5.461)
Hansen statistics
1.432
1.486
0.960
1.262
0.963
1.416
[0.489]
[0.476]
[0.619]
[0.532]
[0.326]
[0.493]
Ser partial effect
609.490
618.191
723.532
15.173
95.623
16.088
Note. () is the standard error, [] is the value, and are significant at 5% and 1% levels, respectively; the regressions used 5- and 6-order lag of independent variables as instrumental variables.