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Interpretation - Buisness Management - Lecture Slides, Slides of Business Management and Analysis
Business Management is one of the most important subject in Management Sciences.Following are the key points discussed in these Lecture Slides : Interpretation of Ruselts, Investment, Growth, Resources, Result, Share of Natural Capital, Secondary Enrolment, Growth of Gnp, Distort Comparative, External Benefits
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Interpretation
An increase in the SOEs’ employment share
by 10 percentage points is associated with
a decrease in annual economic growth by
almost 1%.
A large SOE sector generally goes hand in
hand with slow growth.
No country with an SOE sector accounting for
more than 10% of employment had
economic growth of 2% per year or more.
Sole exception: Côte d’Ivoire.
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education
(1) (2a) (3a) (4a) (5) (2b) (3b) (4b) (2c) (3c) (4c)
Initial GDP -0.003* -0.008 -0.011 -0.008 -0.009* 0.024 0.024 0.053 0.147 0.147 0. (1.19) (2.11) (1.73) (-1.83) (1.55) (1.73) (1.70) (7.99) (4.47) (4.48) (13.15) Investment 0,172 0.130 0.186 0.167 0.186 - - - - - - (4.74) (3.60) (3.07) (3.79) (3.20) Secondary - 0.030 0.021* 0.019* 0.021* - - - - - - education (2.10) (0.83) (1.13) (0.87) SOE5 - - -0.045* - -0.034* -0.265 -0.277 - -0.420 -0.413 - (1.07) (0.82) (2.56) (2.67) (1.72) (1.698) SOE2 - - - -0.034 - 0.078 0.036* (2.13) (1.73) (0.30) SOE11 - - - - -0.083* - - - - - - (1.62) Constant 0.003* 0.038* 0.056* 0.041* 0.051* -0.017* -0.112* -0.272 -0.730 -0.733 -1. (0.16) (1.47) (1.29) (1.37) (1.23) (0.15) (0.10) (-5.11) (2.79) (2.80) (10.00)
SE 0.019 0.018 0.019 0.018 0.019 0.056 0.056 0.052 0.125 0.125 0.
R^2 0.22 0.25 0.31 0.25 0.34 0.33 0.33 0.44 0.55 0.55 0.
Countries 96 88 34 0.67 34 39 39 74 35 35 69
Table 2. Cross-section Results
per cent level in a one-tail test.
Note: t -values appear within parentheses below the coefficients. * Not significant at the 5
Economic Growth , 1978-92 Investment Education