5.112 ** 2.565 0.046 170 B 1.541 *** 0.249 0.000 2116 C 0.495 0.341 0.147 83 D -3.916 2.507 0.118 86 E -0.838 1.052 0.426 40 F -0.978 1.296 0.451 11 G 1.333 1.744 0.445 42 I 3.617 10.864 0.739 126 J 1.287 19.098 0.946 57 K 0.927 *** 0.193 0.000 348 M -0.022 0.052 0.680 14 N -1.039 6.271 0.868 23 O -0.089 *** 0.025 0.000 5 P 0.310 ** 0.136 0.023 147 Q 0.782 0.669 0.243 27 R -0.285 0.237 0.229 11 S 0.941 0.589 0.110 3367 All Variable: R&D staffing at t-2 ANZSIC Division ATET Std. Err. P-value n -2.132 1.906 0.263 61 A 3.121 5.868 0.595 170 B 5.084 *** 1.177 0.000 2107 C 0.682 1.603 0.671 82 D -7.150 ** 3.185 0.025 86 E -9.367 7.47 0.210 40 F 1.288 * 0.738 0.081 11 G 11.082 7.573 0.143 42 I -4.924 14.933 0.742 126 J -17.396 68.236 0.799 57 K 2.004 *** 0.722 0.006 347 M 0.130 0.334 0.697 14 N 0.676 37.23 0.986 23 O
B 5.112 ** 2.565 0.046 170 C 1.541 *** 0.249 0.000 2116 D 0.495 0.341 0.147 83 E -3.916 2.507 0.118 86 F -0.838 1.052 0.426 40 G -0.978 1.296 0.451 11 I 1.333 1.744 0.445 42 J 3.617 10.864 0.739 126 K 1.287 19.098 0.946 57 M 0.927 *** 0.193 0.000 348 N -0.022 0.052 0.680 14 O -1.039 6.271 0.868 23 P -0.089 *** 0.025 0.000 5 Q 0.310 ** 0.136 0.023 147 R 0.782 0.669 0.243 27 S -0.285 0.237 0.229 11 All 0.941 0.589 0.110 3367 Variable: R&D staffing at t-2 ANZSIC Division ATET Std. Err. P-value n A -2.132 1.906 0.263 61 B 3.121 5.868 0.595 170 C 5.084 *** 1.177 0.000 2107 D 0.682 1.603 0.671 82 E -7.150 ** 3.185 0.025 86 F -9.367 7.47 0.210 40 G 1.288 * 0.738 0.081 11 I 11.082 7.573 0.143 42 J -4.924 14.933 0.742 126 K -17.396 68.236 0.799 57 M 2.004 *** 0.722 0.006 347 N 0.130 0.334 0.697 14 O 0.676 37.23 0.986 23