Types of variables

Index

Symbol

Describe

Dependent variable

NPD performance

NPD

Output of new product/gross output

Microscopic independent variables

R&D investment of enterprise

RD

R&D expenditure of enterprise/major business income

regional R&D investment

area_rd

Regional R&D expenditure/GDP

R&D investment in R&D institutions

lab_rd

All institutions R&D expenditure/GDP

R&D investment in all enterprises

firm_rd

All enterprises R&D expenditure/GDP

R&D investment in universities

college_rd

All universities R&D expenditure/GDP

R&D investment in human resource

wage_rd

R&D expenditure in human resources/GDP

R&D investment in material resource

inf_rd

R&D expenditure in material resources/GDP

Control variables

salary and welfare income per capita

wage

The logarithmic form of per capita wage and welfare

education costs per capita

edu

The logarithm of the education cost per person

government subsidy

subsidy

0 is no subsidy, 1 is subsidized

enterprise scale

size

The logarithmic form of total assets

enterprise ownership

ownership

0 is the private enterprise, 1 is the public−owned enterprise