Table 4 The regression model outcomes in the clustering approach—dependent variable: R&D; independent variable: Earnings.
Dependent variables | Cluster 1 (independent variable: Earnings) | Cluster 2 (independent variable: Earnings) | ||||||
---|---|---|---|---|---|---|---|---|
Model | Coeff | Estimate coeff (Std. Error) sig | R2 | Model | Coeff | Estimate coeff (std. error) sig | R2 | |
R_FTE_Business_enterprise | Within | α | - | 0.448 | Random White | α | 31.696 (33.02) 0.339 | 0.173 |
β | 339.641 (32.002) < 0.001 | β | 194.223 (23.837) < 0.001 | |||||
R_FTE_Government | Random white | α | 57.665 (8.707) < 0.001 | 0.001 | Within | α | - | 0.025 |
β | −10.875 (9.616) 0.26 | β | 11.116 (6.415) 0.086 | |||||
R_FTE_Higher_education | Within | α | - | 0.402 | Random | α | 117.621 (21.821) < 0.001 | 0.01 |
β | 115.39 (11.94) < 0.001 | β | 31.103 (22.553) 0.168 | |||||
R_FTE_Private_non_profit | Random white | α | 0.145 (0.934) 0.877 | 0.226 | Random white | α | 1.76 (1.848) 0.345 | 0.017 |
β | 6.482 (0.938) < 0.001 | β | 7.605 (4.271) 0.08 | |||||
GERD_Business_enterprise | Random | α | 16.145 (6.914) 0.02 | 0.309 | Random white | α | 7.022 (6.019) 0.245 | 0.195 |
β | 54.273 (6.581) < 0.001 | β | 22.668 (2.188) < 0.001 | |||||
GERD_Government | Random white | α | 6.418 (1.584) < 0.001 | 0.026 | Within Arellano | α | - | 0.087 |
β | 2.827 (1.621) 0.083 | β | 2.52 (1.303) 0.055 | |||||
GERD_Higher_education | Random | α | 6.81 (2.313) 0.003 | 0.466 | Random white | α | 5.928 (2.15) 0.007 | 0.094 |
β | 18.115 (1.574) < 0.001 | β | 5.072 (1.269) < 0.001 | |||||
GERD_Private_non_profit | Random white | α | 0.12 (0.107) 0.267 | 0.103 | Within Arellano | α | - | 0.001 |
β | 0.539 (0.114) < 0.001 | β | −0.198 (0.52) 0.704 |