From: Digital technologies, technological improvement rates, and innovations “Made in Switzerland”
Dependent variable | FWD90 | |
---|---|---|
Model | (1) | (2) |
Variables | ||
Digital | 2.991*** (0.691) | |
k | 0.148*** (0.022) | |
Digital: k | − 0.125*** (0.023) | |
Digital: Chemical | 8.035*** (0.704) | |
Digital: Computer/ICT | 2.062*** (0.232) | |
Digital: Electrical | 6.985*** (0.391) | |
Digital: Machinery | 1.260*** (0.254) | |
Digital: Medical | 7.333*** (0.690) | |
Digital: Pharma | 1.501*** (0.431) | |
k:Chemical | 0.191*** (0.021) | |
k:Computer/ICT | 0.086*** (0.017) | |
k:Electrical | 0.415*** (0.030) | |
k:Machinery | 0.167*** (0.016) | |
k:Medical | 0.227*** (0.044) | |
k:Pharma | 0.087** (0.039) | |
Digital: k:Chemical | − 0.196*** (0.024) | |
Digital: k:Computer/ICT | − 0.067*** (0.012) | |
Digital: k:Electrical | − 0.290*** (0.036) | |
Digital: k:Machinery | − 0.128*** (0.014) | |
Digital: k:Medical | − 0.207*** (0.042) | |
Digital: k:Pharma | − 0.028 (0.037) | |
Control variables | ||
inv | \(\checkmark\) | \(\checkmark\) |
num_ctry | \(\checkmark\) | \(\checkmark\) |
Claims | \(\checkmark\) | \(\checkmark\) |
bwd_cits | \(\checkmark\) | \(\checkmark\) |
Fixed effects | ||
Industry | \(\checkmark\) | \(\checkmark\) |
Year | \(\checkmark\) | \(\checkmark\) |
Year-Industry | \(\checkmark\) | \(\checkmark\) |
Observations | 4,259,239 | 3,243,802 |