Research Article
Government Subsidy, External Financing, and Capacity for Scientific and Technological Innovation of Culture Industry from the Life Cycle Perspective
Table 2
Descriptive statistical table of main variables.
| | Variable | Name | Obs | Mean value | Standard deviation | Minimum | Maximum | Variables | Year | Mean value |
| | RDE | R&D expense | 1 092 | 12.957 | 7.747 | 0.000 | 21.658 | Sub | 2014 | 13.464 | | R&D | R&D intensity | 1 092 | 4.258 | 6.485 | 0.000 | 57.490 | 2015 | 14.596 | | RDA | R&D ability | 1 092 | 3.579 | 5.647 | 0.000 | 47.670 | 2016 | 15.368 | | PAQ | Patent application quantity | 1 092 | 1.220 | 1.522 | 0.000 | 7.653 | 2017 | 15.937 | | Sub | Government subsidy | 1 092 | 15.205 | 3.573 | 0.000 | 20.759 | 2018 | 15.970 | | Bank | Bank loans | 1 092 | 13.183 | 9.101 | 0.000 | 25.097 | 2019 | 15.896 | | Equity | Equity financing | 1 092 | 20.770 | 1.211 | 16.009 | 23.606 | | |
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