| . | New firms . | New foreign . | Share of . | Gross profits . | Net sales . |
|---|---|---|---|---|---|
| . | . | firms . | foreign firms . | per capita . | per capita . |
| Panel A: Full Sample | |||||
| Refugees (×10,000) | 0.0112* | −0.0244 | 0.0002 | 43.3222*** | 589.5904*** |
| (0.0063) | (0.0176) | (0.0007) | (14.0182) | (111.4231) | |
| Observations | 162 | 162 | 162 | 162 | 162 |
| Panel B: Regional | |||||
| Refugees (×10,000) | 0.0122 | −0.0337 | 0.0002 | 25.0731 | 438.8429*** |
| (0.0095) | (0.0280) | (0.0010) | (18.8053) | (132.5547) | |
| Observations | 58 | 58 | 58 | 58 | 58 |
| . | New firms . | New foreign . | Share of . | Gross profits . | Net sales . |
|---|---|---|---|---|---|
| . | . | firms . | foreign firms . | per capita . | per capita . |
| Panel A: Full Sample | |||||
| Refugees (×10,000) | 0.0112* | −0.0244 | 0.0002 | 43.3222*** | 589.5904*** |
| (0.0063) | (0.0176) | (0.0007) | (14.0182) | (111.4231) | |
| Observations | 162 | 162 | 162 | 162 | 162 |
| Panel B: Regional | |||||
| Refugees (×10,000) | 0.0122 | −0.0337 | 0.0002 | 25.0731 | 438.8429*** |
| (0.0095) | (0.0280) | (0.0010) | (18.8053) | (132.5547) | |
| Observations | 58 | 58 | 58 | 58 | 58 |
Source: Authors’ own analysis results from the data described in the text.
Note: All models include a year-specific log distance control, province and year fixed effects. Robust standard errors are shown in parentheses. Data are from 2010 and 2011 for 81 provinces in panel A and 29 provinces in panel B. The refugee variable is the number of refugees in the province in 10,000s. The first-stage F-test for the instrument in IV regressions is 12.44. For the regional sample, the F-test is 6.45.
*p < .1 **p < .05 ***p < .01
| . | New firms . | New foreign . | Share of . | Gross profits . | Net sales . |
|---|---|---|---|---|---|
| . | . | firms . | foreign firms . | per capita . | per capita . |
| Panel A: Full Sample | |||||
| Refugees (×10,000) | 0.0112* | −0.0244 | 0.0002 | 43.3222*** | 589.5904*** |
| (0.0063) | (0.0176) | (0.0007) | (14.0182) | (111.4231) | |
| Observations | 162 | 162 | 162 | 162 | 162 |
| Panel B: Regional | |||||
| Refugees (×10,000) | 0.0122 | −0.0337 | 0.0002 | 25.0731 | 438.8429*** |
| (0.0095) | (0.0280) | (0.0010) | (18.8053) | (132.5547) | |
| Observations | 58 | 58 | 58 | 58 | 58 |
| . | New firms . | New foreign . | Share of . | Gross profits . | Net sales . |
|---|---|---|---|---|---|
| . | . | firms . | foreign firms . | per capita . | per capita . |
| Panel A: Full Sample | |||||
| Refugees (×10,000) | 0.0112* | −0.0244 | 0.0002 | 43.3222*** | 589.5904*** |
| (0.0063) | (0.0176) | (0.0007) | (14.0182) | (111.4231) | |
| Observations | 162 | 162 | 162 | 162 | 162 |
| Panel B: Regional | |||||
| Refugees (×10,000) | 0.0122 | −0.0337 | 0.0002 | 25.0731 | 438.8429*** |
| (0.0095) | (0.0280) | (0.0010) | (18.8053) | (132.5547) | |
| Observations | 58 | 58 | 58 | 58 | 58 |
Source: Authors’ own analysis results from the data described in the text.
Note: All models include a year-specific log distance control, province and year fixed effects. Robust standard errors are shown in parentheses. Data are from 2010 and 2011 for 81 provinces in panel A and 29 provinces in panel B. The refugee variable is the number of refugees in the province in 10,000s. The first-stage F-test for the instrument in IV regressions is 12.44. For the regional sample, the F-test is 6.45.
*p < .1 **p < .05 ***p < .01
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