Table 7. Correlated panels corrected...

Table 7.

Correlated panels corrected standard errors (PCSEs) method-based robust results

Dependent variable: innovation
	Emerging Asian economies		Advanced Asian economies
Variables	Coefficient	Std. err.	Coefficient	Std. err.
BM	0.022***	0.001	−0.011***	0.001
TR	−0.147***	0.014	0.054***	0.009
lnGDP	0.476***	0.071	0.358***	0.104
GQ	−0.098**	0.064	0.606***	0.116
lnEG	−2.899***	0.507	2.442***	0.466

Dependent variable: innovation
	Emerging Asianeconomies		Advanced Asianeconomies
Variables	Coefficient	Std. err.	Coefficient	Std. err.
BM	0.022***	0.001	−0.011***	0.001
TR	−0.147***	0.014	0.054***	0.009
lnGDP	0.476***	0.071	0.358***	0.104
GQ	−0.098**	0.064	0.606***	0.116
lnEG	−2.899***	0.507	2.442***	0.466

Notes:

***; ** are significant at 1 and 5% levels, respectively

Source: Authors’ own calculation by using STATA 17

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