Descriptive statistics and correlation matrix
| Variable | Mean | Std. dev. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GDP | 5.6E+07 | 6.0E+07 | 1 | ||||||
| 2 | TEA | 5.597 | 3.995 | 0.132 | 1 | |||||
| 3 | R&D staff in Public Administration | 2250.790 | 3592.564 | 0.913 | 0.079 | 1 | ||||
| 4 | Researchers in Public Administration | 1218.921 | 1866.649 | 0.932 | 0.084 | 0.991 | 1 | |||
| 5 | Education | 31.230 | 7.107 | 0.293 | −0.049 | 0.320 | 0.295 | 1 | ||
| 6 | Firms | 171999.700 | 174904.900 | 0.983 | 0.132 | 0.851 | 0.880 | 0.180 | 1 | |
| 7 | Self-employees in industry | 977.313 | 1944.299 | 0.493 | 0.118 | 0.383 | 0.453 | − 0.061 | 0.523 | 1 |
| 8 | Self-employees in construction | 2687.363 | 6045.740 | 0.446 | 0.126 | 0.410 | 0.469 | −0.081 | 0.465 | 0.928 |
| 9 | Self-employees in service | 10373.950 | 18745.810 | 0.682 | 0.117 | 0.682 | 0.727 | 0.091 | 0.674 | 0.855 |
| 10 | Public administration expenditure in R&D | 137098.300 | 231125.800 | 0.898 | 0.074 | 0.994 | 0.980 | 0.338 | 0.826 | 0.354 |
| 11 | Unemployment rate | 16.753 | 7.611 | −0.031 | −0.143 | 0.033 | 0.007 | −0.276 | 0.009 | −0.354 |
| 12 | GDP per capita | 22253.270 | 4494.029 | 0.399 | 0.045 | 0.447 | 0.446 | 0.781 | 0.275 | 0.177 |
| 13 | Population | 2446.264 | 2401.790 | 0.947 | 0.127 | 0.793 | 0.815 | 0.123 | 0.983 | 0.466 |
| 14 | R&D expenditure | 0.958 | 0.521 | 0.543 | 0.057 | 0.513 | 0.513 | 0.749 | 0.476 | 0.273 |
| 15 | Capital | 12,600,000 | 13,000,000 | 0.953 | 0.142 | 0.851 | 0.883 | 0.165 | 0.956 | 0.652 |
| 16 | Labor force | 1032.431 | 1040.758 | 0.981 | 0.137 | 0.865 | 0.893 | 0.183 | 0.994 | 0.570 |
| 17 | Government expenditure | 9,479,519 | 8,762,550 | 0.919 | 0.105 | 0.742 | 0.768 | 0.129 | 0.952 | 0.367 |
| Variable | Mean | Std. dev. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GDP | 5.6E+07 | 6.0E+07 | 1 | ||||||
| 2 | TEA | 5.597 | 3.995 | 1 | ||||||
| 3 | R&D staff in Public Administration | 2250.790 | 3592.564 | 0.079 | 1 | |||||
| 4 | Researchers in Public Administration | 1218.921 | 1866.649 | 0.084 | 0.991 | 1 | ||||
| 5 | Education | 31.230 | 7.107 | −0.049 | 0.320 | 1 | ||||
| 6 | Firms | 171999.700 | 174904.900 | 0.851 | 1 | |||||
| 7 | Self-employees in industry | 977.313 | 1944.299 | 0.383 | − 0.061 | 1 | ||||
| 8 | Self-employees in construction | 2687.363 | 6045.740 | 0.410 | −0.081 | |||||
| 9 | Self-employees in service | 10373.950 | 18745.810 | 0.682 | 0.091 | |||||
| 10 | Public administration expenditure in R&D | 137098.300 | 231125.800 | 0.074 | 0.994 | |||||
| 11 | Unemployment rate | 16.753 | 7.611 | −0.031 | − | 0.033 | 0.007 | − | 0.009 | − |
| 12 | GDP per capita | 22253.270 | 4494.029 | 0.045 | ||||||
| 13 | Population | 2446.264 | 2401.790 | |||||||
| 14 | R&D expenditure | 0.958 | 0.521 | 0.057 | ||||||
| 15 | Capital | 12,600,000 | 13,000,000 | |||||||
| 16 | Labor force | 1032.431 | 1040.758 | |||||||
| 17 | Government expenditure | 9,479,519 | 8,762,550 |
| Variable | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | Self-employees in construction | 1 | ||||||||
| 9 | Self-employees in service | 0.916 | 1 | |||||||
| 10 | Public administration expenditure in R&D | 0.374 | 0.653 | 1 | ||||||
| 11 | Unemployment rate | −0.360 | −0.229 | 0.023 | 1 | |||||
| 12 | GDP per capita | 0.168 | 0.316 | 0.474 | −0.478 | 1 | ||||
| 13 | Population | 0.415 | 0.612 | 0.763 | 0.079 | 0.166 | 1 | |||
| 14 | R&D expenditure | 0.231 | 0.393 | 0.520 | −0.347 | 0.721 | 0.430 | 1 | ||
| 15 | Capital | 0.625 | 0.773 | 0.832 | −0.149 | 0.327 | 0.925 | 0.493 | 1 | |
| 16 | Labor force | 0.524 | 0.721 | 0.839 | −0.034 | 0.291 | 0.976 | 0.495 | 0.973 | 1 |
| 17 | Government expenditure | 0.300 | 0.512 | 0.718 | 0.176 | 0.148 | 0.971 | 0.408 | 0.871 | 0.935 |
| 8 | Self-employees in construction | 1 | ||||||||
| 9 | Self-employees in service | |||||||||
| 10 | Public administration expenditure in R&D | 1 | ||||||||
| 11 | Unemployment rate | 0.023 | 1 | |||||||
| 12 | GDP per capita | 1 | ||||||||
| 13 | Population | 0.079 | ||||||||
| 14 | R&D expenditure | |||||||||
| 15 | Capital | |||||||||
| 16 | Labor force | −0.034 | ||||||||
| 17 | Government expenditure |
Note(s): Italic coefficients are significant at 10%
Source(s): Authors’ own creation
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