Fig. 13

Maybe Effect of Sales and Government Support Is Too Small to Measure? The figure shows the regression coefficients for the amount of Chinese innovation fund support given to firms and these firms’ total sales on dependent variables like obtaining new patents, new product sales, increasing export volumes, increasing prof its to sales and exports to sales. We multiplied these regression coefficients by 1000, as the effects were to small to show in a graphic. For new patents, new product sales, and export volumes, we show the true regression coefficients about the bar (namely 341, 314 and 422 out of one thousand). None of the authors’ many models explained more than 5% of the variance in the original dataset.