Table 1. Descriptive statistics and...

Table 1.

Descriptive statistics and correlations of the main variables of the model

Variables	N.	Weighted N.	Mean	SD	1	2	3	4
HPWS	18,278	1,976,183	0.0045	10.161	1
TECH	18,278	1,976,183	−0.0420	1.0231	0.323**	1
EMPL_PAR	18,278	1,976,183	0.0005	0.9900	0.386**	0.202**	1
INNOVATION	18,278	1,976,183	0.4149	0.4927	0.179**	0.288**	0.168**	1

Variables	N.	Weighted N.	Mean	SD	1	2	3	4
HPWS	18,278	1,976,183	0.0045	10.161	1
TECH	18,278	1,976,183	−0.0420	1.0231	0.323**	1
EMPL_PAR	18,278	1,976,183	0.0005	0.9900	0.386**	0.202**	1
INNOVATION	18,278	1,976,183	0.4149	0.4927	0.179**	0.288**	0.168**	1

Notes:

HPWSs and EMPL_PAR are a composite scale (z-score standardized values), while TECH is a mean centred index. INNOVATION is a dummy. We did not include controls because of limited space.

**p ≤ 0.01; and *p ≤ 0.05

Source: Authors’ own creation

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