Table 7 Estimation results of the model with variable substitution.
Variables | (1) | (2) | (3) |
|---|---|---|---|
Patent | −0.1711*** (−9.55) | ||
CI | −0.0354*** (−4.02) | ||
PT | −0.1917* (−1.77) | ||
Patent×PT | −0.0624* (−1.94) | ||
CI × PT | −0.0125* (−1.93) | ||
Control | Yes | Yes | Yes |
Constant | Yes | Yes | Yes |
Observations | 270 | 270 | 270 |
Hausman P-value | 0.0003 | 0.0061 | 0.0034 |