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Explaining Venture Capital And Technology Commercialization In Eu Countries Through Dynamic Modeling

Table 2:

Patents Start-ups
Var. OLS I GMM-SYS II OLS III GMM-SYS IV
Patent(-1)Startup(-1)Rnd_ExpVC_InvestVC_CountObs.CountriesAdj.R2R2F-Value(Sig. F)AR (1)AR (2)Sargan test – Prob > x2 --0.2692**-0.2628**3.4696**122210.93880.9403619.550.0000--- 0.9706**-0.0152**-0.0353**-0.1679**10221----0.020.320.6282 --9.9185**11.1171**-368.41**122210.55460.566049.990.0000--- -0.9436**2.9800**1.7593**-141.92**9921----0.010.160.4018
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