Table 6.
Results of the Regression Analysis
| Term | Coefficient | SE Coef | T- Value | P-Value |
|---|---|---|---|---|
| Constant | 7.32 | 1.47 | 4.97 | 0 |
| GDP | 0.000001 | 0.000001 | 2.03 | 0.045 |
| GDP Growth | 0.0044 | 0.08 | 0.05 | 0.956 |
| GDP per Capita | 0.000041 | 0.0000015 | 2.65 | 0.010 |
| R&D Expenditure | -0.643 | 0.302 | -2.13 | 0.036 |
| Employment Rate | -0.0677 | 0.0188 | -3.61 | 0.00001 |
| Population with Bachelor’s Degree | 0.0023 | 0.0325 | 0.07 | 0.975 |
| Population Density | -0.000174 | 0.000127 | -1.36 | 0.176 |
| Urban Population | -0.0359 | 0.165 | -2.17 | 0.032 |
| Private Credit | 0.00587 | 0.00562 | 1.04 | 0.3 |