Table 8 Outputs of the regression model—robustness analysis.
Variables | Earnings→R&D | R&D→HDI | ||||||
---|---|---|---|---|---|---|---|---|
Model | Coeff | Estimate coeff (std. error) sig | R-squared | Model | Coeff | Estimate coeff (std. error) sig | R-squared | |
R_FTE_Business_enterprise | Random | α | 52.274 (27.158) 0.054 | 0.288 | Random white | α | 0.851 (0.006) < 0.001 | 0.272 |
β | 264.564 (24.49) < 0.001 | β | 0.00019 (0) < 0.001 | |||||
R_FTE_Government | Random white | α | 45.388 (5.352) < 0.001 | <0.001 | Random | α | 0.883 (0.009) < 0.001 | 0.003 |
β | −1.795 (5.6536) 0.751 | β | 0.00002 (0.0001) 0.836 | |||||
R_FTE_Higher_education | Random | α | 106.932 (13.147) < 0.001 | 0.097 | Random | α | 0.849 (0.009) < 0.001 | 0.102 |
β | 71.52 (12.637) < 0.001 | β | 0.00025 (0) < 0.001 | |||||
R_FTE_Private_non_profit | Random white | α | 1.771 (0.973) 0.07 | 0.013 | Random | α | 0.885 (0.008) < 0.001 | 0.668 |
β | 4.93708 (1.7767) 0.006 | β | −0.00027 (0.0002) 0.225 | |||||
GERD_Business_enterprise | Random white | α | 12.267 (4.904) 0.013 | 0.244 | Random white | α | 0.853 (0.005) < 0.001 | 0.258 |
β | 39.3286 (3.6798) < 0.001 | β | 0.00102 (0.0001) < 0.001 | |||||
GERD_Government | Random white | α | 4.272 (0.93) < 0.001 | 0.033 | Random white | α | 0.874 (0.007) < 0.001 | 0.022 |
β | 2.65007 (0.8807) 0.003 | β | 0.00182 (0.0005) < 0.001 | |||||
GERD_Higher_education | Random white | α | 6.671 (1.662) < 0.001 | 0.277 | Random white | α | 0.842 (0.006) < 0.001 | 0.259 |
β | 11.7909 (1.1611) < 0.001 | β | 0.00348 (0.0003) < 0.001 | |||||
GERD_Private_non_profit | Random white | α | 0.178 (0.098) 0.07 | 0.03 | Random | α | 0.884 (0.008) < 0.001 | 0.564 |
β | 0.54254 (0.1726) 0.002 | β | 0.00017 (0.0036) 0.963 |