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Table 3 Relationship between exports and productivity for selected sectors

From: Openness and productivity of the Swiss economy

 

Long-run coefficient (β)

Adjustment coefficient (α1)

Adjustment coefficient (α2)

Obs.

Adj. R2 Eq. 1

Adj. R2 Eq. 2

Agriculture, forestry, and fishing

0.123***

(4.18)

− 1.016**

(2.72)

− 0.784

(1.49)

14

0.691

0.385

Textiles and apparel

− 3.592***

(3.97)

0.094*

(1.80)

− 0.077

(1.53)

14

0.242

0.255

Paper and paper products

0.521**

(2.06)

− 0.380**

(1.98)

− 0.710***

(3.03)

14

0.189

0.472

Printing and reproduction of recorded media

0.694**

(2.62)

− 0.185

(1.31)

0.446

(1.12)

14

− 0.062

0.030

Basic pharmaceutical products and pharmaceutical preparations

− 0.595***

(9.76)

− 0.019

(0.08)

0.590*

(1.77)

14

0.330

0.080

Rubber and plastic products

0.783***

(7.08)

− 0.532***

(4.30)

− 0.265

(0.73)

14

0.629

0.219

Other non-metallic mineral products

1.821***

(4.40)

− 0.151***

(3.22)

0.359

(1.46)

14

0.741

− 0.009

Basic metals

3.554**

(1.98)

0.099

(1.60)

0.133

(1.64)

14

0.096

0.104

Computer, watches, and clocks

0.377***

(8.93)

− 0.518

(1.30)

0.314

(0.46)

14

− 0.083

− 0.107

Electrical equipment and machinery

1.270***

(4.30)

0.142

(0.94)

0.868**

(2.61)

14

− 0.157

0.287

Motor vehicles, trailers, semitrailers, and other transport equipment

− 2.439***

(3.58)

0.035

(0.70)

− 0.202***

(3.84)

14

0.148

0.545

Furniture

− 10.029***

(3.34)

0.008

(0.62)

− 0.061**

(2.50)

14

− 0.251

0.296

  1. t values in parentheses. ***significant at 1%; **significant at 5%; *significant at 10%