|
| Explained variable: New product output intensity | Explained variable: Independent R & D intensity | ||||
| Variable | (1) | (2) | (3) | (4) | (5) | (6) |
| HMT_F | −0.227*** | −0.278*** | −0.292*** | −0.012*** | −0.011*** | −0.011*** |
|
| (0.0170) | (0.0240) | (0.0080) | (0.0010) | (0.0010) | (0.0030) |
| HMT_S | −0.620*** | −0.264*** | −0.469*** | −0.090*** | −0.047*** | 0.0020 |
|
| (0.0510) | (0.0621) | (0.0159) | (0.0030) | (0.0034) | (0.0074) |
| FS |
|
| 0.091*** |
|
| −0.0011 |
|
|
|
| (0.0174) |
|
| (0.0078) |
| Obs | 160,523 | 84,787 | 84,787 | 90,281 | 84,786 | 84,786 |
| R2 | 0.011 | 0.043 | 0.113 | 0.231 | *1.102 | *2.069 |