| 1–20% invention | 2–40% invention | 3–60% invention | 4–80% invention |
---|---|---|---|---|
Trade 2 | 77.24*** | 69.30*** | 56.13 | 11.88 |
(15.15) | (26.04) | (60.76) | (189.8) | |
Control Variable | Control | Control | Control | Control |
Time Control Variable | Control | Control | Control | Control |
Individual Fixed | Yes | Yes | Yes | Yes |