The
description of the result below is based on the logit model. The ordered logit
model is a form of regression model in which the dependent variable is an
ordinal variable. Estimation of the ordered logit model has been done with
LIMDEP version7. For detail about the estimation procedure and the
interpretation of the results see Greene 1995p. 469- 481 and 1997, p. 672- 676.
packers and movers pune
and movers and packers pune
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we will summaries the empirical outcomes in relation to the theoretically
expected sing of the explanatory variables that are subdivided in the three
categories in eternal factors. Location factors and firm external factors. For
a more detailed description of the theoretically expected sings, the model
selection process and the empirical outcomes see Van Dijk and Pellenbarg 2000c.
We
expect that the industrial sector will have a lower probability of moving than
the service sectors. The costs of moving are generally higher for the
industrial sector, because the investment in capital stock and the capital
intensity is higher. With regard to the service sector the cost of moving can
be very high if they move over a long distance when it implies that a large
part of their personal does not move with the firm. In that case the hiring
firing and training cost can be very high and make relocation over a long
distance unattractive. For short distance moves these costs are probably fairly
low for the service sector. Theoretically we expect the mobility of the
construction wholesale and transport sector somewhere in between the industrial
and the service sector.
For
the firms in the sector retail and Horace hotels restaurants and bars we expect
that they are most of the time sticking to the present location because they
are tied to the local market. Firms in this sector are traditionally clatterers
because they serve customers who economies on travel by doing multipurpose
shopping or seeking food or shelter where there are many providers to minimize
shoppers discouragement. As a result the propensity to move is expected to be
much lower for retail and Horace than for the industrial sector. This last
hypothesis is indeed confirmed in the empirical model, but for the other
sectors no significant differences are found.
With
regard to the size of the firm we expect that small firms can move more easily
to another location than large firms, because the costs of moving and the
organizational problems for small firms are expected to be much less than for
large firms.
Packers and
Movers in Pune@http://packers-movers-pune.co.in
stated preference