Table 4.

Robustness check for the effect of educational assessment on Innovation and GDPpc.

	Innovation				GDP per capita
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
PISA reading	0.074***				0.005***
	(3.89)				(4.59)
PISA Math		0.080***				0.007***
		(4.61)				(5.70)
PISA Science			0.070***				0.005***
			(3.87)				(4.22)
PISA_average				0.078***				0.006***
				(4.27)				(5.18)
GDP per Capita	5.877***	5.642***	0.485***	5.743***
	(5.80)	(5.86)	(6.34)	(5.81)
N	143	143	143	143	143	143	143	143
R-sq	0.51	0.53	0.51	0.512	0.456	0.424	0.403	0.441
group	78	78	78	78	78	78	78	78

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.