Table 7.
Results of the hypothesis tests
| Hypothesis | Path coefficient | Standard error | Critical ratio | Supported |
|---|---|---|---|---|
| H1. Innovation effort → Economic performance | 0.243*** | 0.062 | 3.408 | Yes |
| H2. Innovation effort → Job creation | 0.225** | 0.089 | 3.214 | Yes |
| H3. Private equity and support services → Economic performance | 0.144* | 0.057 | 1.917 | Yes |
| H4. Private equity and support services → Job creation | 0.096 | 0.082 | 1.309 | No |
| H5. Government support → Economic performance | 0.329*** | 0.074 | 3.991 | Yes |
| H6. Government support → Job creation | 0.284*** | 0.052 | 4.495 | Yes |
*** p < 0.001; ** p < 0.01; * p < 0.05