Table 2 Regression results explaining...

Table 2

Regression results explaining employment growth on the full data sample

	Model 1	Model 2	Model 3	Model 4
	HWSE		Heckman
Creativity	0.835***	0.545	5.984***	−4.753**
Product Innovation	1.050***	1.059***	3.955***	3.891***
Process Innovation	−0.060	−0.057	−0.443	−0.264
Firm Size	0.057***	0.057***	0.169**	0.158**
Firm Age	0.008	0.0101	2.452***	2.086***
Managerial Experience	0.051***	0.056***	0.057***	0.026
Education	0.016***	0.013***	0.0198	−0.003
Skilled Staff	1.171***	1.172***	1.263***	1.261***
Internal R&D	0.488*	0.477	2.207	3.050
External R&D	0.268	0.917	9.468***	11.320***
External funding	0.002	0.001	0.058**	0.060**
Managerial Experience*Creativity		−0.013		0.474***
Education*Creativity		0.008*		0.074***
Skilled Staff*Creativity		0.717*		7.380***
Internal R&D*Creativity		−0.216		−5.343
External R&D*Creativity		−1.382		−4.966
Constant	3.417***	3.512***	6.551***	9.505***
Net effect of creativity	0.835	3.626	5.984	11.274
λ			−1.558**	5.191**
Sigma			41.865	41.799
HWSE Model/Wald χ²	2076.22***	1880.57***	5646.25***	5818.57***
Pseudo R2	0.926	0.927
rho			−0.114	0.224
Observations	9304	9305	9306	9306

	Model 1	Model 2	Model 3	Model 4
	HWSE		Heckman
Creativity	0.835***	0.545	5.984***	−4.753**
Product Innovation	1.050***	1.059***	3.955***	3.891***
Process Innovation	−0.060	−0.057	−0.443	−0.264
Firm Size	0.057***	0.057***	0.169**	0.158**
Firm Age	0.008	0.0101	2.452***	2.086***
Managerial Experience	0.051***	0.056***	0.057***	0.026
Education	0.016***	0.013***	0.0198	−0.003
Skilled Staff	1.171***	1.172***	1.263***	1.261***
Internal R&D	0.488*	0.477	2.207	3.050
External R&D	0.268	0.917	9.468***	11.320***
External funding	0.002	0.001	0.058**	0.060**
Managerial Experience*Creativity		−0.013		0.474***
Education*Creativity		0.008*		0.074***
Skilled Staff*Creativity		0.717*		7.380***
Internal R&D*Creativity		−0.216		−5.343
External R&D*Creativity		−1.382		−4.966
Constant	3.417***	3.512***	6.551***	9.505***
Net effect of creativity	0.835	3.626	5.984	11.274
λ			−1.558**	5.191**
Sigma			41.865	41.799
HWSE Model/Wald χ²	2076.22***	1880.57***	5646.25***	5818.57***
Pseudo R2	0.926	0.927
rho			−0.114	0.224
Observations	9304	9305	9306	9306

Note(s): All estimations include country, industry, location, and year dummies. The selection equation from the Heckman two-stage model is not reported; only the outcome equation is reported in Models 3 and 4. Asterisks ^***, ^**, and ^* denote 1%, 5%, and 10% significance, respectively

Source(s): Created by authors

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