GLPRODGeneralized Linear Processing Real Orthogonal Design
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We use five measures of performance: the growth in real sales (GRSAL), the growth in real revenues (GRREV), the growth in employment (GLAB), the growth in labor productivity (GLPROD) and the growth of costs (GCOS).(9) In a related set of estimates we replace the privatization dummy (PRIV) by a set of dummy variable measure for the dominant owner (hereafter the OL vector, where ownership is assessed at the end of the period.)
GLPROD average rate of growth of sales per employee; sales measured in constant prices