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Table 29 Fixed effects model result

From: Exploring science-and-technology-led innovation: a cross-country study

Individual fixed effects model
Coefficients Estimate Std. error t value Pr(>|t|)
GOVERD% − 27.9377771 8.155297 − 3.4256 0.00006538***
HERD% 8.9771973 4.5016897 1.9942 0.46568
BERD% − 2.0725344 1.3753207 − 1.5069 0.1323321
GERD_GOV_PERFORM 0.2455961 0.1289489 1.9046 0.0572931.
GERD_OTHER_FINANCE 0.0029454 0.0888257 0.0332 0.9735586
GERD_GOV_FINANCE 0.2813369 0.0587816 4.7861 0.000002126***
GERD_ABROAD_FINANCE − 0.0388547 0.0766832 − 0.5067 0.6125508
GERD_HIGH_PERFORM − 0.3919284 0.0961369 − 4.0768 0.00005159***
Adj. R-squared 0.020855    
F statistic 7.91149 p value 3.61e−10