The Effect of Research and Development on Economic Growth in Ethiopia: The Untapped Potential for Prosperity
Table 4
Predictors coefficients of the regression model.
Variable
β
Standard error
t-stat.
p-Value
C
109.7152
40.10651
2.735595
.0147
Number of citable journal articles
.036486
.006196
5.888918
<.01
R&D expenditure (GDP (%))
133.9384
125.7030
1.065514
.3025
Number of patent application
5.741583
2.251605
2.549996
.0214
Medium and high tech. export (value added)
20.88898
6.016129
3.472164
.0031
R2
.962682
—
—
—
Adjusted R2
.953352
—
—
—
Dependent variable: GDP per capita growth. Method: least squares. Included observations: 21. Source: WDI and Scimago Journal Ranking, 2022. indicates that p is significant ().