A Systems View Across Time and Space
From: Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
---|---|---|---|---|---|---|---|---|---|
sh_invest_fin (%) | sh_work_cap_fin (%) | sh_sales_cr(%) | mng_time (%) | days_inspections (log) | bribe_yn Yes/No | bribe_percent (% of sales) | days_no_power | loss_transit (%) | |
Micro | − 28.01** (13.89) | − 8.891 (7.375) | − 6.830 (8.156) | 4.425 (3.569) | − 0.102 (0.570) | 0.101 (0.110) | 0.0187 (0.0359) | 120.5 (133.3) | 6.634 (6.060) |
Small | − 3.122 (11.26) | − 2.424 (6.164) | − 5.884 (6.746) | 2.032 (2.228) | 0.339 (0.332) | 0.0869 (0.0733) | 0.0101 (0.0211) | 32.61 (58.28) | 2.192 (2.805) |
Medium | − 10.29 (10.20) | − 1.256 (6.260) | − 4.601 (6.665) | 4.596* (2.478) | 1.013** (0.438) | 0.118 (0.0744) | 0.0277 (0.0225) | 47.49 (69.29) | 4.392* (2.651) |
Mature | − 9.002 (8.639) | 1.704 (3.376) | 3.384 (3.063) | − 4.058** (1.931) | − 0.177 (0.503) | − 0.126** (0.0603) | − 0.0338* (0.0181) | 49.36 (41.90) | 4.131** (1.987) |
Older | − 12.00 (8.429) | 3.256 (3.803) | 8.196** (3.275) | − 2.848 (2.107) | − 0.751 (0.496) | − 0.176*** (0.0628) | − 0.0404** (0.0195) | 15.61 (26.32) | 3.523* (2.095) |
Exporter | 4.392 (6.748) | 22.63*** (4.384) | 11.46*** (3.127) | 2.045 (1.841) | 0.0987 (0.445) | 0.0333 (0.0571) | 0.0174 (0.0187) | 57.63 (52.36) | 3.711* (2.040) |
Foreign | 3.899 (9.113) | 1.786 (4.239) | 4.204 (3.586) | 1.252 (2.247) | − 0.146 (0.535) | 0.00843 (0.0597) | 0.00315 (0.0174) | 47.95 (52.95) | 0.0546 (2.292) |
Smallcity | 0.171 (6.276) | 11.04*** (2.502) | 4.893** (2.192) | 0.508 (1.245) | − 0.755*** (0.283) | 0.0842* (0.0438) | 0.0316** (0.0128) | 30.02 (30.32) | 1.700 (1.791) |
Government | 32.07** (13.63) | − 1.022 (18.92) | − 27.50** (12.89) | − 3.031 (3.669) | 1.166 (0.739) | 0.205 (0.196) | 0.0526 (0.0602) | 115.0 (255.4) | − 0.924 (4.467) |
expand | 0.00108 (0.0348) | − 0.0243 (0.0206) | 0.0220 (0.0356) | 0.00747 (0.00868) | − 0.00331 (0.00257) | − 0.000323 (0.000320) | − 0.000103 (0.000100) | − 0.0621 (0.414) | − 4.41e-05 (0.00867) |
contract | − 0.373* (0.218) | − 0.176** (0.0872) | − 0.117 (0.0742) | − 0.0733 (0.0456) | − 0.0373** (0.0176) | − 0.000437 (0.00122) | − 0.000553 (0.000498) | 0.431 (1.021) | − 0.00761 (0.0652) |
Constant | 39.02*** (14.20) | 16.65** (7.364) | 19.29** (7.777) | 5.942** (2.807) | 3.515*** (0.510) | 0.238** (0.109) | 0.0548* (0.0317) | − 2.686 (79.47) | − 4.974 (3.180) |
Observations | 184 | 582 | 526 | 467 | 503 | 483 | 483 | 303 | 370 |
R-squared | 0.216 | 0.196 | 0.190 | 0.084 | 0.110 | 0.098 | 0.102 | 0.092 | 0.117 |
Sector FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |