Table 4. Results of R 2 , adjusted R 2 ,... | Emerald Publishing

Table 4.

Results of R², adjusted R², total effects and indirect effects of the structural model for Europe

Dependent variable	Independent variable	R² (R² adjusted)	Total effects	Indirect effect
GDP (PPP) as a percentage of total world value		0.497 (0.353)
	Business dynamism		0.112
	Institutions		1.082
	ICT adoption		0.114	0.114
	Skills		−0.302
	Product market		0.747
	Labor market		1.161
	Financial system		−0.270
Business dynamism		0.356 (0.331)
	ICT adoption		0.580
Skills		0.722 (0.712)
	ICT adoption		0.853
Product market		0.516 (0.497)
	ICT adoption		0.916
Labor market		0.817 (0.810)
	ICT adoption		−0.921
Financial system		0.380 (0.356)
	ICT adoption		0.589

Dependent variable	Independent variable	R² (R² adjusted)	Total effects	Indirect effect
GDP (PPP) as a percentage of total world value		0.497 (0.353)
	Business dynamism		0.112
	Institutions		1.082
	ICT adoption		0.114	0.114
	Skills		−0.302
	Product market		0.747
	Labor market		1.161
	Financial system		−0.270
Business dynamism		0.356 (0.331)
	ICT adoption		0.580
Skills		0.722 (0.712)
	ICT adoption		0.853
Product market		0.516 (0.497)
	ICT adoption		0.916
Labor market		0.817 (0.810)
	ICT adoption		−0.921
Financial system		0.380 (0.356)
	ICT adoption		0.589

Source: Table by authors