Table 4: Summary Table

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Table 4: Summary Table

For variables of the regression analysis the summary information is given, covering 40 countries, 14 manufacturing industries and the years 1995-2011. Variables include the dependent variable, value added growth, which uses the change in gross value added volumes to measure industry growth. Independent variables include the share, which is an industry’s share in total value added for all manufacturing industries of the country. ED shows the dependence of an industry on external sources of finance, and this variable is assumed to remain constant across countries and time. Foreign distress is the share of foreign world exports in distress, which is separated by type of crisis. SD represents supplier dependence, which is the share of imported inputs to total inputs used in the manufacturing production process. This variable is calculated separately for the time periods, but assumed to remain constant across countries and time. Overall, there are three time periods used in the methodology. The first encompasses all years 1995-2011, but for the value added growth data is not available for the final two years. The second covers the years linked to the Asian Financial Crisis (1995-2004), and the third the years linked to the Global Financial Crisis (2005-2011).

Variables Time Period Observations Average 25

Percentile

Median 75

Percentile

Minimum Maximum Standard Deviation

Value Added Growth 1995-2009 7,837 0.0321 -0.0306 0.0228 0.0827 -1 5.8279 0.1928

1995-2004 5,040 0.0412 -0.0212 0.0282 0.0839 -1 5.054 0.1861

2005-2009 2,238 0.0156 -0.0526 0.0155 0.0801 -1 5.828 0.2033

Share 1995-2011 9,520 0.0714 0.0304 0.0566 0.0993 0 0.4533 0.0576

1995-2004 5,600 0.0714 0.0307 0.0576 0.0991 0 0.4533 0.0565

2005-2011 3,920 0.0714 0.0293 0.0556 0.0995 0 0.4114 0.0591

ED 1995-2011 14 0.1543 0.0800 0.1650 0.4100 -0.8800 0.5000 0.3403

FD Banking 1995-2011 40 0.1904 0.0028 0.1036 0.2048 0 0.6791 0.2208

1995-2004 40 0.0770 0.0028 0.0678 0.1163 0 0.2390 0.0658

2005-2011 40 0.3525 0 0.5398 0.5741 0 0.6791 0.2600

FD Currency 1995-2011 40 0.0051 0 0 0.0077 0 0.0504 0.0106

1995-2004 40 0.0087 0 0 0.0108 0 0.0504 0.0127

2005-2011

SD 1995-2011 14 0.3326 0.2714 0.3523 0.3697 0.1681 0.5396 0.0892

1995-2004 14 0.3256 0.2730 0.3468 0.3647 0.1578 0.5354 0.0891

2005-2011 14 0.3427 0.2692 0.3584 0.3897 0.1827 0.5458 0.0899