Table A2.
Summary Statistics of variables used in Regression
| Variable | definition | source | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|---|---|
| innovation | Knowledge and technology output | OECD and INSEAD Cornell; World Intellectual Property Organization | 143 | 44.76783 | 10.57402 | 23.4 | 67.2 |
| PISA reading | PISA Score in Reading | OECD | 143 | 473.8112 | 44.83035 | 340 | 555 |
| PISA math | PISA Score in Mathematics | OECD | 143 | 474.9371 | 46.64055 | 325 | 591 |
| PISA science | PISA Score in Science | OECD | 143 | 477.1678 | 45.17306 | 336 | 590 |
| lgdppc | GDP per Capita | WorldBank Data | 143 | 10.12267 | 0.837426 | 8.156247 | 11.65 |
Data consist of 73 countries for three different periods: 2012, 2015 and 2018.