Variable: R&D staffing at t-2 ANZSIC Division ATET Std. Err. P-value n -2.451 2.106 0.245 55 A 6.882 5.078 0.175 149 B 4.706 *** 1.100 0.000 1677 C 4.066 ** 1.906 0.033 42 D -4.790 2.986 0.109 59 E -11.715 8.948 0.190 33 F 0.650 0.436 0.136 6 G 2.615 5.277 0.620 34 I -5.465 17.493 0.755 107 J -39.503 72.499 0.586 48 K 2.198 *** 0.797 0.006 313 M 0.409 0.313 0.192 11 N 0.889 38.921 0.982 22 O -0.390 0.349 0.264 5 P 1.234 1.831 0.500 143 Q 10.416 ** 4.092 0.011 16 R 1.464 3.582 0.683 9 S 2.473 2.066 0.231 2729 All Statistical significance indicated by asterisks at the 10% level * | 5% level ** | 1% level *** Table : ATET of applicants filing at least one innovation patent compared to filing only standard patents Variable: R&D expenditure at t-2 ANZSIC Division ATET Std. Err. n -0.661 * 0.392 0.092 6 A -1.366 3.88 0.725 21 B -0.716 0.773 0.354 434 C 1.396 ** 0.564 0.013 41 D -3.046 4.823 0.528 27 E -2.031 * 1.077 0.059 7 F
Variable: R&D staffing at t-2 ANZSIC Division ATET Std. Err. P-value n A -2.451 2.106 0.245 55 B 6.882 5.078 0.175 149 C 4.706 *** 1.100 0.000 1677 D 4.066 ** 1.906 0.033 42 E -4.790 2.986 0.109 59 F -11.715 8.948 0.190 33 G 0.650 0.436 0.136 6 I 2.615 5.277 0.620 34 J -5.465 17.493 0.755 107 K -39.503 72.499 0.586 48 M 2.198 *** 0.797 0.006 313 N 0.409 0.313 0.192 11 O 0.889 38.921 0.982 22 P -0.390 0.349 0.264 5 Q 1.234 1.831 0.500 143 R 10.416 ** 4.092 0.011 16 S 1.464 3.582 0.683 9 All 2.473 2.066 0.231 2729 Statistical significance indicated by asterisks at the 10% level * | 5% level ** | 1% level *** Table : ATET of applicants filing at least one innovation patent compared to filing only standard patents Variable: R&D expenditure at t-2 ANZSIC Division ATET Std. Err. n A -0.661 * 0.392 0.092 6 B -1.366 3.88 0.725 21 C -0.716 0.773 0.354 434 D 1.396 ** 0.564 0.013 41 E -3.046 4.823 0.528 27 F -2.031 * 1.077 0.059 7
economic_impact_of_innovation_patents_-_appendix.docx