72

# **Table A2**

## **Dependent Variable: Growth Rate of Real GDP Innovation Pillar Indicators**

|**Years : 1960 - 2000**|**Reg A2.1 **|**Reg A2.2 **|**Reg A2.3 **|**Reg A2.4 **|**Reg A2.5 **|**Reg A2.6 **|**Reg A2.7 **|**Reg A2.8 **|**Reg A2.9 **|**Reg A2.10**|**Reg A2.11 **|**Reg A2.12 **|**Reg A2.13 **|**Reg A2.14**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Growth of Capital**|**0.2128*** **|**0.2128*** **|**0.2155*** **|**0.2030*** **|**0.2157*** **|**0.2193*** **|**0.2199*** **|**0.2252*** **|**0.2043*** **|**0.2122*****|**0.2128*****|**0.2033*****|**0.2039*****|**0.2093*****|
|**Growth of Labor**|**0.5514*** **|**0.5694*** **|**0.4801*** **|**0.4865*** **|**0.5775*** **|**0.4886*** **|**0.4889*** **|**0.5948*** **|**0.5756*** **|**0.5993*****|**0.5996*****|**0.5703*****|**0.5340*****|**0.4920*****|
|**Initial GDP (1960)**|**-3.7443*****|**-3.8747*****|**-3.7109*****|**-3.9624*** **|**-3.9019*****|**-3.7300*** **|**-3.7419*** **|**-3.6842*****|**-3.7938*****|**-3.6225*** **|**-3.6173*****|**-3.8133*****|**-3.9376*****|**-3.2554*****|
|**HC15**|**4.2926****|**4.3613****|**1.6143**|**1.3979**|**4.5361****|**1.8244**|**1.6783**|**3.9374****|**2.3010**|**2.7693***|**2.8637***|**2.2266**|**2.4840**|**3.8180****|
|**Log (Educational**<br>**Quality)**|**0.2869**|**0.2933**|**0.7598**|**0.7664**|**0.3338**|**0.8214**|**0.8046**|**0.4639**|**0.4795**|**0.3056**|**0.2820**|**0.4720**|**0.1364**|**0.3769**|
|**Sq (HC15)**|**-0.8941* **|**-1.0208****|**-0.4121**|**-0.3206**|**-1.0544** **|**-0.4503***|**-0.4068**|**-0.9253****|**-0.4651**|**-0.6136***|**-0.6367***|**-0.4574**|**-0.4861**|**-0.7779***|
|**Log (Patents)**||**0.1909*** **|**0.2041*** **|**0.2074*****|||||||||||
|**Patents * Citations**||||**-0.000001**|||||||||||
|**Log (Utility Patents)**<br>**Utility Patents ***<br>**Citations**|||||**0.1759****|**0.1832****|**0.1898****<br>**-0.000001**||||||||
|**Log (Citations)**|||**-0.2904**|**-0.3884**||**-0.2664**|**-0.2642**||||||||
|**Log (Journals)**||||||||**0.2254*****|||||||
|**Log (Royalty**<br>**Payments)**|||||||||**0.0241***||**-0.0040**||||
|**Log (Royalty**<br>**Receipts)**||||||||||**0.0309*****|**0.0336****||||
|**Log (Royalties)**||||||||||||**0.0253***|||
|**Log (Gross FDI**<br>**/ GDP)**|||||||||||||**0.1701**||
|**Log (Manufactures**||||||||||||||**0.2641**|
|**Trade Share)**|||||||||||||||
|**Phones**|**0.0045*** **|**0.0033*** **|**0.0030*** **|**0.0028*** **|**0.0036*** **|**0.0031*** **|**0.0031*** **|**0.0032*** **|**0.0045*** **|**0.0046*****|**0.0046*****|**0.0046*****|**0.0046*****|**0.0035****|
|**Constant**|**-3.6701** **|**-3.6660***|**-2.0323**|**-1.6941**|**-4.0111***|**-2.5206**|**-2.3516**|**-4.7967****|**-2.6067**|**-2.4198**|**-2.4010**|**-2.4736**|**-1.2057**|**-4.2969****|
|**R squared**|**0.5838**|**0.6137**|**0.7527**|**0.7683**|**0.6071**|**0.7412**|**0.7415**|**0.6460**|**0.6302**|**0.6409**|**0.6410**|**0.6318**|**0.6330**|**0.6551**|
|**Number of Countries**<br>***, **, *** denotes signifi**<br>**Robust standard errors**|<br>**85**<br>**cance at th**<br>**obtained u**|**85**<br>**e 90, 95 and**<br>**sing White**|**75**<br>**99 percen**<br>**'s correcti**|**72**<br>**t confidence**<br>**on for hetero**|**85**<br>**level resp**<br>**scedasticit**|**75**<br>**ectively**<br>**y.**|**75**|**85**|**84**|**84**|**84**|**84**|**84**|**83**|