Growth of total productivity of the factors, innovation and spillovers from advanced business services

Figures & data

Table 1. Production function of manufacturing.

Variable	(2a)	(6a)	(2b)	(6b)
Constant (A)	0.65214 (1.0343)	2.33891 (3.19391)	1.62161 (2.19845)	2.57244 (3.34075)
Trend (λ)			0.00704 (2.44149)	0.00303 (0.98205)
K	0.82410 (17.370)	0.69825 (12.7626)	0.74168 (12.8611)	0.67624 (11.4366)
L	0.23223 (5.53428)	0.22283 (5.40334)	0.30433 (5.98736)	0.25561 (4.81757)
B		0.12338 (3.82562)		0.10965 (3.1188)
R^2	0.98009	0.98190	0.98076	0.98201
Adjusted R-squared	0.97986	0.98158	0.98042	0.98158
S.E. of regression	0.16245	0.15566	0.16016	0.15568
Sum squared resid	4.53926	4.09502	4.38636	4.07165
Log likelihood	71.2376	78.3382	74.2358	78.8333
Durbin-Watson stat	0.24731	0.26767	0.32531	0.29623
Mean dependent var	24.7919	24.7815	24.7919	24.7815
S.D. dependent var	1.14468	1.14701	1.14468	1.14701
Akaike info criterion	−0.77986	−0.85940	−0.8027	−0.85356
Schwarz criterion	−0.72561	−0.78649	−0.73036	−0.76243
F-statistic	4233.45	3056.60	2905.69	2292.21
Prob(F-statistic)	0	0	0	0
Test Lagrange multiplier	101.064	91.575	35.261	62.709

Significance: 0.05.

Source: own elaboration.

Table 2. Total factor productivity (TFPS) with fixed effects (11a).

Variable			Coefficent
Trend (λ)			0.00446 (2.67780)
ln B			0.03675 (1.9672
ln K			−0.2833 (−3.5858)
R^2	0.11660	Mean dependent var	−0.00065
Adjusted R-squared	0.05035	S.D. dependent var	0.04734
S.E. of regression	0.04614	Akaike info criterion	−3.24226
Sum squared resid	0.34057	Schwarz criterion	−3.00530
Log likelihood	293.455	F-statistic	1.75987
Durbin-Watson stat	0.82674	Prob(F-statistic)	0.05911
		Fixed effects
Germany		6.95720	(3.29507)
Belgium		6.39610	(3.30725)
Denmark		6.30178	(3.32506)
Spain		6.75829	(3.31195)
Finland		6.41651	(3.32438)
France		6.83672	(3.28857)
Italy		6.88981	(3.29296)
Norway		6.26467	(3.33215)
UK		6.83564	(3.28597)
Sweden		6.47258	(3.31991)

Significance: 0.05.

Source: own elaboration.

Table 3. Total factor productivity (TFPS) with growth rate of technical progress (11b).

Variable				Coefficent
ln B				0.05651 (2.72751)
ln K				−0.48662 (−4.65517)
R-squared	0.17825		Mean dependent var	−0.00065
Adjusted R-squared	0.06397		S.D. dependent var	0.04734
S.E. of regression	0.04580		Akaike info criterion	−3.21055
Sum squared resi	0.31680		Schwarz criterion	−2.80955
Log likelihood	299.713		F-statistic	1.55972
Durbin-Watson stat	0.90559		Prob(F-statistic)	0.06639
	Growth rate of technical progress (λi)		Fixed effects
Belgium	0.01295	(3.521.436)	12.09356	(−44.0031)
Denmark	0.00854	(2.901.830)	11.97028	(−43.9432)
Finland	0.00846	(3.310.266)	11.85534	(−43.9105)
Sweden	0.00757	(2.370.341)	11.84138	(−43.8563)
UK	0.00755	(2.713.163)	11.70943	(−44.1099)
Spain	0.00643	(2.262.980)	11.19879	(−44.0997)
France	0.00598	(2.452.981)	11.09022	(−44.0961)
Italy	0.00384	(1.232.831)	11.01628	(−44.0655)
Norway	0.00336	(1.151.471)	10.89273	(−44.1802)
Germany	0.00245	(0.879489)	10.87960	(−44.3319)

Significance: 0.05.

Source: own elaboration.