The Impact of Government Subsidies on Private R&D Investment in Different Markets

Table 7

Descriptive statistics of the variables.

Variable	Mean	Min	Max	Variable	Mean	Min	Max
R&D	17.71434	10.17615	21.74779	Ratio	40.40812	5.2066	92.9087
Sub	16.11784	9.903488	20.70653	Roa	11.93426	−112.6857	460.7378
Sub^2	261.8726	98.07907	428.7606	Age	16.70627	3	58
Size	21.79704	18.937	27.10614	Own	.2783278	0	1