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Table 2 Descriptive analysis

From: Determinants of new products innovation in Ghanaian SMEs sector

Dependent Variable   Obs. Mean S.D Min Max
Sales value 2016   217 10.64875 0.5958514 7.359321 11.49272
inputs for innovation
Independent Variables
Total Expenditure on innovation 2016   217 9.02281 0.81921 5.804472 11.59727
In-house expenditure on R & D 2016   190 7.713517 1.052106 4.60517 9.193194
External R & D expenditure 2016   189 7.739479 1.067915 4.465908 9.20029
Expenditure on new machines, equipments and software 2016   183 7.556624 1.081386 3.688879 9.615806
Expenditure on external Technologies 2016   155 7.445037 1.101621 3.912023 9.10498
labour force   550 4.058336 0.8125233 1.609438 6.749931
Education   460 2.15652 0.8631822 0 4.882802
foreign capita   550 0.538182 0.4989939 0 1
VC fund   550 0.530909 0.499498 0 1
internal funds   550 0.625455 0.4844459 0 1
Bank loans   550 0.496364 0.5004419 0 1
Government tax credit   550 0.510909 0.500336 0 1
Government subsidies   550 0.441818 0.4970554 0 1
Attributes of the SME
 Patent   550 0.474546 0.4998062 0 1
 Internal protection   550 0.632727 0.4825005 1 1
 Own brand   550 0.425455 0.4948618 0 1
 Oversea Subsidiary   549 0.444444 0.6693983 0 11
  1. All the variables with the exception of dummy variables are in natural log