Independent variables | R&D institutions | All enterprises | Universities |
RD | 1.4566*** (7.05) | 1.6524*** (7.70) | 1.4603*** (7.20) |
subsidy | 0.0172*** (13.28) | 0.0172*** (13.28) | 0.0172*** (13.29) |
ownership | −0.0036*** (−2.78) | −0.0036*** (−2.72) | −0.0036*** (−2.79) |
size | 0.0157*** (44.67) | 0.0157*** (44.69) | 0.0157*** (44.69) |
wage | 0.0057*** (5.65) | 0.0057*** (5.66) | 0.0056*** (5.63) |
edu | 0.0016*** (4.39) | 0.0016*** (4.47) | 0.0016*** (4.48) |
labor_rd | 3.7476*** (4.28) |
|
|
RD*labor_rd | 13.0953 (0.44) |
|
|
firm_rd |
| 2.2330** (2.01) |
|
RD*firm_rd |
| 59.6200* (1.84) |
|
college_rd |
|
| 17.2223*** (5.39) |
RD*college_rd |
|
| 120.4807 (1.00) |
Intercept term | −0.1415*** (−20.39) | −0.1306*** (−15.13) | −0.1400*** (−21.46) |