A Systems View Across Time and Space
Table 4 Impact of finance and other investment climate on employment growth
From: Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda
(1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
IC var. cell avg.: matched to initial size | Individual firm response | ICvar as in Col. 1 with Col 2 sample | ICvar avg.: matched to current size | ICvar cell avg.: sector-location | |
Sh_invest_fin | − 0.0425*** (0.0125) | 0.0108 (0.00981) | − 0.0845** (0.0321) | − 0.0110 (0.00852) | 0.0942*** (0.0326) |
(Micro)*Sh_invest_fin | 0.0461*** (0.0138) | − 0.0101 (0.0125) | 0.211*** (0.0637) | 0.0295** (0.0109) | − 0.0187 (0.0343) |
(Small)*Sh_invest_fin | 0.0499*** (0.0139) | − 0.0110 (0.00980) | 0.0112 (0.0323) | 0.0256** (0.00911) | − 0.00993 (0.0299) |
(Medium)*Sh_invest_fin | 0.0770*** (0.0164) | − 0.0176* (0.00892) | 0.0878** (0.0331) | 0.0246* (0.0122) | − 0.0176 (0.0346) |
mng_time | 0.000169 (0.0476) | − 0.00785 (0.00529) | − 0.126 (0.0844) | − 0.203*** (0.0452) | 0.128 (0.247) |
(Micro)*mng_time | 0.00244 (0.0469) | − 0.0165 (0.261) | 0.757*** (0.217) | 0.209*** (0.0565) | 0.564* (0.321) |
(Small)*mng_time | 0.000421 (0.0553) | 0.0129 (0.00972) | 0.190** (0.0876) | 0.235*** (0.0447) | 0.105 (0.210) |
(Medium)*mng_time | 0.00852 (0.0526) | 0.00846 (0.00568) | 0.108 (0.0836) | 0.222*** (0.0448) | 0.0195 (0.239) |
bribe_yn | 1.061 (2.033) | − 1.344 (0.930) | − 29.92*** (5.013) | 7.862*** (1.541) | 7.141 (4.983) |
(Micro)*bribe_yn | − 0.887 (2.100) | − 0.730* (0.362) | − 39.08** (14.86) | − 8.697*** (1.707) | − 8.391 (5.885) |
(Small)*bribe_yn | − 1.506 (2.336) | − 0.276 (0.168) | 37.29*** (5.257) | − 8.766*** (1.559) | 0.468 (5.283) |
(Medium)*bribe_yn | − 3.984 (2.852) | − 0.156 (0.182) | 30.74*** (5.720) | − 9.674*** (1.934) | 2.004 (5.644) |
days_no_power | 0.0133*** (0.00255) | − 0.00180 (0.00183) | − 0.00659 (0.00705) | − 0.00701** (0.00264) | − 0.0380*** (0.00663) |
(Micro)*days_no_power | − 0.0133*** (0.00256) | 0.00703** (0.00273) | 0.0207* (0.0111) | ||
(Small)*days_no_power | − 0.0141*** (0.00249) | 0.00175 (0.00183) | 0.0101 (0.00696) | 0.00597* (0.00318) | 0.00278 (0.00586) |
(Medium)*days_no_power | − 0.0186*** (0.00210) | 0.00130 (0.00218) | 0.0105 (0.00682) | 0.00839** (0.00310) | 0.00150 (0.00640) |
(Micro) | 0.811 (0.700) | − 1.475** (0.534) | − 4.210* (2.151) | ||
(Small) | 0.594 (0.689) | − 1.016*** (0.295) | − 12.01*** (2.515) | − 1.810*** (0.533) | − 1.122 (1.235) |
(Medium) | 0.823 (0.894) | − 0.792** (0.299) | − 11.95*** (2.568) | − 1.933*** (0.615) | − 0.601 (1.419) |
Constant | 0.743 (0.765) | 1.470** (0.604) | 11.44*** (2.467) | 2.571*** (0.507) | 8.528*** (1.584) |
Observations | 608 | 97 | 96 | 602 | 613 |
R-squared | 0.468 | 0.650 | 0.902 | 0.456 | 0.789 |
Firm Controls | Yes | Yes | Yes | Yes | Yes |
Sector FE | Yes | Yes | Yes | Yes | Yes |