Table 5 Descriptive statistics of variables and collinearity Test.
Variable | Obs | Mean | Std. | Min | Max | VIF | 1/VIF |
---|---|---|---|---|---|---|---|
Intensity of Fiscal Support | 660 | 0.218 | 0.100 | 0.077 | 0.758 | 1.25 | 0.798 |
R&D Intensity | 660 | 0.014 | 0.011 | 0.002 | 0.065 | 4.24 | 0.236 |
Degree of Openness | 660 | 0.289 | 0.036 | 0.000 | 1.721 | 1.96 | 0.509 |
Level of Human Capital | 660 | 0.017 | 0.008 | 0.003 | 0.044 | 2.61 | 0.384 |
Level of Urbanization | 660 | 0.530 | 0.156 | 0.139 | 0.896 | 3.17 | 0.384 |
Level of Technology Market Development | 660 | 0.013 | 0.025 | 0.000 | 0.191 | 2.39 | 0.419 |