Table 1

Variables description and statistics by innovative activity

Variable nameMeanSDMedian
Patent (1/0)0.040.190.00
Patent = 0Patent = 1Patent = 0Patent = 1Patent = 0Patent = 1
No. Training programs0.110.280.450.790.000.00
Training hours (per capita)0.110.084.380.390.000.00
Firm's age29.3830.1818.5317.6827.0028.00
Employees219.14460.861,573.162,732.9771.00172.00
Value Added20,851.6541,348.93153,891.90156,665.805,345.1514,844.16
TFP158.78166.24500.0694.87116.43145.47
Tot. Intangible assets13,711.7214,393.75402,568.20100,897.90220.70904.77
Unit Labour Cost57.2656.92283.9231.5450.6953.92
Total Liabilities78,751.58142,115.90938,645.301,296,121.0011,529.1628,405.75
N. Obs67,9122,78367,9122,78367,9122,783

Note(s): Dependent variable shown at time t, all explanatory variables shown at time t−1

Source(s): Authors’ own work

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