Table 1

Descriptive statistics

Variable/indicatorMeasurementData sourceMeanStandard deviationMinimumMaximum
Value added per number of SMEsRatio, in mil. EUR divided by the number of SMEsEurostat0.170.130.030.62
Persons employed per number of SMEsRatio, the number of persons divided by the number of SMEsEurostat3.921.142.307.57
DESI indexIndexEuropean Commission44.3011.2119.4069.60
Basic digital skills% of individuals in the labour forceEurostat29.204.9819.1242.92
GDP per capitaConstant USDWorld Bank31483.2720014.3310904.3599526.46
Economic freedom indexIndexHeritage Foundation70.135.7153.282.0

Note(s): N = 216

Source(s): Own calculations in STATA 14 software

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