Table 2

Descriptive statistics and correlation matrix

VariableMeanStd. dev.1234567
1GDP5.6E+076.0E+071      
2TEA5.5973.9950.1321     
3R&D staff in Public Administration2250.7903592.5640.9130.0791    
4Researchers in Public Administration1218.9211866.6490.9320.0840.9911   
5Education31.2307.1070.293−0.0490.3200.2951  
6Firms171999.700174904.9000.9830.1320.8510.8800.1801 
7Self-employees in industry977.3131944.2990.4930.1180.3830.453− 0.0610.5231
8Self-employees in construction2687.3636045.7400.4460.1260.4100.469−0.0810.4650.928
9Self-employees in service10373.95018745.8100.6820.1170.6820.7270.0910.6740.855
10Public administration expenditure in R&D137098.300231125.8000.8980.0740.9940.9800.3380.8260.354
11Unemployment rate16.7537.611−0.0310.1430.0330.0070.2760.0090.354
12GDP per capita22253.2704494.0290.3990.0450.4470.4460.7810.2750.177
13Population2446.2642401.7900.9470.1270.7930.8150.1230.9830.466
14R&D expenditure0.9580.5210.5430.0570.5130.5130.7490.4760.273
15Capital12,600,00013,000,0000.9530.1420.8510.8830.1650.9560.652
16Labor force1032.4311040.7580.9810.1370.8650.8930.1830.9940.570
17Government expenditure9,479,5198,762,5500.9190.1050.7420.7680.1290.9520.367
Variable8910111213141516
8Self-employees in construction1        
9Self-employees in service0.9161       
10Public administration expenditure in R&D0.3740.6531      
11Unemployment rate−0.360−0.2290.0231     
12GDP per capita0.1680.3160.474−0.4781    
13Population0.4150.6120.7630.0790.1661   
14R&D expenditure0.2310.3930.520−0.3470.7210.4301  
15Capital0.6250.7730.832−0.1490.3270.9250.4931 
16Labor force0.5240.7210.839−0.0340.2910.9760.4950.9731
17Government expenditure0.3000.5120.7180.1760.1480.9710.4080.8710.935

Note(s): Italic coefficients are significant at 10%

Source(s): Authors’ own creation

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