Control variables descriptive statistics
| Variable | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|
| Panel A: control variables | ||||
| GDP per Capita | 28,375.62 | 7,713.64 | 16,373.32 | 43,943.07 |
| Population | 3,003,613 | 2,445,544 | 125,034 | 10,027,602 |
| Employed | 1,242,510 | 1,099,075 | 60,400 | 4,910,400 |
| Investment in Research and Innovation | 1,128,162 | 1,273,601 | 0 | 5,316,684 |
| Employed in Research and Innovation | 38,953.90 | 51,715,87 | 900 | 227,800 |
| Employees in Universities and Research Centers | 9,080.20 | 9,247.83 | 235 | 45,764 |
| Panel B: dependent variables | ||||
| Green | 3.059722 | 6.223741 | 0 | 46 |
| Energy | 1.563889 | 3.296026 | 0 | 25 |
| Innovative Start-ups | 10.49583 | 22.50508 | 0 | 179 |
| Variable | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|
| GDP per Capita | 28,375.62 | 7,713.64 | 16,373.32 | 43,943.07 |
| Population | 3,003,613 | 2,445,544 | 125,034 | 10,027,602 |
| Employed | 1,242,510 | 1,099,075 | 60,400 | 4,910,400 |
| Investment in Research and Innovation | 1,128,162 | 1,273,601 | 0 | 5,316,684 |
| Employed in Research and Innovation | 38,953.90 | 51,715,87 | 900 | 227,800 |
| Employees in Universities and Research Centers | 9,080.20 | 9,247.83 | 235 | 45,764 |
| Green | 3.059722 | 6.223741 | 0 | 46 |
| Energy | 1.563889 | 3.296026 | 0 | 25 |
| Innovative Start-ups | 10.49583 | 22.50508 | 0 | 179 |
Note(s): The sample size covers the period 2011–2019. GDP per capita and investment in research and innovation are reported in Euros. All other variables are count variables
Source(s): Authors’ own creation
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