Real GDP fixed effect regression with panel corrected standard errors
| R&D expenditure | 0.38** |
| Fixed capital accumulation | 0.1** |
| Labor force | 0.44** |
| Gross school enrollment ratio in tertiary | 0.34** |
| Constant | 2.47** |
| Number of observations | 90 |
| R&D expenditure | 0.38 |
| Fixed capital accumulation | 0.1 |
| Labor force | 0.44 |
| Gross school enrollment ratio in tertiary | 0.34 |
| Constant | 2.47 |
| Number of observations | 90 |
Notes:
R&D expenditure and fixed capital accumulation are in real terms, while employment rate and gross school enrollment ratio in tertiary are in percentage terms. All variables are in logarithmic terms. P-value is in parentheses, where
***p < 0.01,
**p < 0.05,
*p < 0.1
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.