A Systems View Across Time and Space
Table 5 Institutional effects
From: Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda
(1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
No need for credit | Constraints to obtaining credit | Reports corruption is an obstacle | Reports corruption is not an obstacle | Perceives court system as fair | Perceives court system as unfair | |
Sh_invest_fin | − 0.0535*** (0.0132) | 0.00358 (0.0235) | 0.0513** (0.0221) | − 0.0518*** (0.0124) | − 0.0279 (0.0168) | − 0.0200 (0.0445) |
(Micro)*Sh_invest_fin | 0.0831*** (0.0165) | − 0.00543 (0.0244) | − 0.0322 (0.0210) | 0.0519*** (0.0151) | 0.0368* (0.0179) | 0.0301 (0.0458) |
(Small)*Sh_invest_fin | 0.0597*** (0.0145) | − 0.0314 (0.0279) | − 0.0615** (0.0264) | 0.0580*** (0.0144) | 0.0321* (0.0179) | 0.0237 (0.0450) |
(Medium)*Sh_invest_fin | 0.0735*** (0.0167) | 0.0451 (0.0270) | − 0.0211 (0.0247) | 0.0869*** (0.0197) | 0.0495** (0.0195) | 0.0681 (0.0501) |
mng_time | − 0.0362 (0.0673) | 0.394*** (0.0834) | 0.0133 (0.0329) | − 0.0121 (0.0437) | − 0.0666 (0.0395) | 0.128 (0.152) |
(Micro)*mng_time | 0.0412 (0.0732) | − 0.328*** (0.0864) | 0.00266 (0.0382) | − 0.0433 (0.0493) | 0.0682 (0.0421) | − 0.0949 (0.147) |
(Small)*mng_time | 0.0436 (0.0695) | − 0.405*** (0.0849) | − 0.000709 (0.0327) | − 0.0254 (0.0620) | 0.0695 (0.0443) | − 0.116 (0.155) |
(Medium)*mng_time | 0.0647 (0.0707) | − 0.409*** (0.0852) | − 0.00712 (0.0389) | 0.00545 (0.0543) | 0.0693 (0.0508) | − 0.127 (0.150) |
bribe_yn | 3.945** (1.432) | 7.417 (5.521) | − 5.328*** (1.509) | 0.108 (2.944) | − 2.561 (4.000) | 5.625** (2.481) |
(Micro)*bribe_yn | − 6.277*** (1.651) | − 6.215 (5.532) | 5.383*** (1.595) | − 0.0922 (3.124) | 2.037 (4.518) | − 5.917** (2.636) |
(Small)*bribe_yn | − 4.554*** (1.488) | − 4.056 (5.576) | 5.877** (2.168) | − 0.762 (3.145) | 2.562 (4.497) | − 6.370** (2.539) |
(Medium)*bribe_yn | − 4.894** (2.301) | − 11.61* (5.580) | 3.188 (1.957) | − 3.636 (3.913) | 1.525 (5.379) | − 9.223*** (3.066) |
days_no_power | 0.0237*** (0.00611) | 0.0148*** (0.00355) | − 0.0206** (0.00892) | 0.0125*** (0.00307) | 0.00821*** (0.00184) | 0.0175 (0.0109) |
(Micro)*days_no_power | − 0.0236*** (0.00627) | − 0.0147*** (0.00359) | 0.0167* (0.00907) | − 0.0114*** (0.00304) | − 0.00819*** (0.00185) | − 0.0178 (0.0109) |
(Small)*days_no_power | − 0.0247*** (0.00610) | − 0.0141*** (0.00351) | 0.0204** (0.00922) | − 0.0130*** (0.00315) | − 0.00889*** (0.00194) | −0.0180 (0.0108) |
(Medium)*days_no_power | − 0.0258*** (0.00712) | − 0.0215*** (0.00403) | 0.0151 (0.00977) | − 0.0168*** (0.00339) | − 0.0100*** (0.00241) | − 0.0252** (0.0117) |
(Micro) | 1.800*** (0.612) | 4.988* (2.633) | − 1.501 (0.941) | 0.0973 (0.993) | − 0.664 (1.150) | 3.240* (1.642) |
(Small) | 1.388** (0.614) | 4.780* (2.622) | − 2.092** (0.963) | − 0.130 (0.920) | − 1.016 (1.074) | 3.148* (1.665) |
(Medium) | 0.759 (0.908) | 5.739** (2.683) | − 2.049* (1.020) | 0.173 (1.256) | − 1.275 (1.512) | 3.590* (1.828) |
Constant | 0.212 (0.644) | − 3.322** (1.472) | 3.850*** (0.884) | 1.124 (0.875) | 2.002* (1.092) | − 1.011 (1.406) |
Observations | 216 | 271 | 333 | 270 | 254 | 284 |
R-squared | 0.734 | 0.729 | 0.628 | 0.574 | 0.569 | 0.564 |
Firm Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Sector FE | Yes | Yes | Yes | Yes | Yes | Yes |