Table 2.
Impact of educational assessment on Innovation.
| Pooled OLS |
Panel (MLE) |
|||||||
|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| PISA reading | 0.312*** | 0.311*** | ||||||
| (3.89) | (3.93) | |||||||
| PISA Math | 0.352*** | 0.353*** | ||||||
| (4.61) | (4.66) | |||||||
| PISA Science | 0.301*** | 0.302*** | ||||||
| (3.94) | (3.98) | |||||||
| PISA_average | 0.334*** | 0.333*** | ||||||
| (4.27) | (4.31) | |||||||
| GDP per Capita | 0.465*** | 0.447*** | 0.485*** | 0.455*** | 0.465*** | 0.447*** | 0.485*** | 0.455*** |
| (5.80) | (5.85) | (6.34) | (5.81) | (5.86) | (5.91) | (6.41) | (5.87) | |
| N | 143 | 143 | 143 | 143 | 143 | 143 | 143 | 143 |
| R-sq | 0.510 | 0.529 | 0.512 | 0.520 | ||||
| Wald statistics | Chi2(3) = 25.81 [0.0000] | Chi2(1) = 22.24 [0.0000] | Chi2(3) = 25.81 [0.0000] | Chi2(1) = 22.24 [0.0000] | ||||
Note: t statistics are in parentheses, standardized beta coefficients are reported after using robust standard error.
*, **, *** - significance of coefficients at 10%, 5%, and 1% levels, respectively.