Panel analysis
| Dependent variable: SumInnovativeFirmDummy | ||
|---|---|---|
| Method: panel least squares | ||
| Coefficient (std error) | Coefficient (std error) | |
| Demand1 | 1.176*** (0.1757) | 1.261*** (0.1920) |
| Demand2 | –1.135*** (0.1948) | –1.240*** (0.2207) |
| Tech1 | 0.168 (0.1373) | |
| Tech2 | 0.402** (0.1610) | |
| Appr1 | 0.051 (0.0367) | |
| Appr2 | 2.758** (2.6765) | |
| Cost | –2.925 (7.2485) | |
| Aggr | –0.007 (0.0066) | |
| Cert1 | –0.892* (1.0427) | |
| Cert2 | –0.374 (0.9957) | |
| Constant | –4.489** (2.1337) | –5.598 (7.6866) |
| Cross-section fixed (dummy variables) | Yes | Yes |
| Period fixed (dummy variables) | Yes | Yes |
| Observations | 120 | 120 |
| R-squared | 0.927 | 0.938 |
| Adjusted R-squared | 0.910 | 0.916 |
| Dependent variable: SumInnovativeFirmDummy | ||
|---|---|---|
| Method: panel least squares | ||
| Coefficient (std error) | Coefficient (std error) | |
| Demand1 | 1.176 | 1.261 |
| Demand2 | –1.135 | –1.240 |
| Tech1 | 0.168 (0.1373) | |
| Tech2 | 0.402 | |
| Appr1 | 0.051 (0.0367) | |
| Appr2 | 2.758 | |
| Cost | –2.925 (7.2485) | |
| Aggr | –0.007 (0.0066) | |
| Cert1 | –0.892 | |
| Cert2 | –0.374 (0.9957) | |
| Constant | –4.489 | –5.598 (7.6866) |
| Cross-section fixed (dummy variables) | Yes | Yes |
| Period fixed (dummy variables) | Yes | Yes |
| Observations | 120 | 120 |
| 0.927 | 0.938 | |
| Adjusted | 0.910 | 0.916 |
The symbols ***, ** and * indicate significance at the 1, 5 and 10% levels, respectively