Table 2 Bivariate Probit Analysis: The Effects of Technology-Exploration on the Degree of Novelty
Model | ||
|---|---|---|
Low | High | |
Explanatory variable | ||
CI | 1.52*** | 0.351*** |
OUTRD | −0.023 | 0.493* |
EXNT | 0.0018 | −0.33 |
INIPLI | −0.049 | −0.0035 |
Control variable | ||
R&D intensity | 0.010 | 0.135*** |
Sizes | −0.092* | −0.060* |
GLOB | 0.0077 | −0.0087 |
Intercept | 0.69 | −1.28 |
LR 2 ~ χ 2: ρ = 0 | 27.25*** | |
Wald test of full model: | 802.3*** | |
Log pseudo-likelihood | −600.427 | |
Number of observations (period) | 1044 (2005 ~ 2007) | |