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Table 3 Results of independent’s variables coefficients by using the panel regression

From: Financial inclusion and development in the least developed countries in Asia and Africa

Model 1: FE Robustness Check—Model 1: FE Sign Predicted—Model 1: FE Model 1:RE Model 2: FE Robustness Check—Model 2: FE Sign Predicted—Model 2: FE Model 2:RE
  IFI     GDP    
lngdp 2.31** (0.3) 2.35** (0.71)  +  0.65** (0.11)     
IFI      0.23** (0.16) 0.25** (0.19)  +  0.14** (0.09)
LITT 0.26** (0.14) 0.27** (0.15)  +  0.21* (0.12) 0.12** (0.08) 0.14** (0.1)  +  0.09** (0.02)
LITM 0.14** (0.07) 0.15** (0.09)  +  0.1* (0.06) 0.11** (0.05) 0.13** (0.07)  +  0.1** (0.04)
LITF 0.12* (0.06) 0.15** (0.08)  +  0.11* (0.05) 0.07** (0.03) 0.09** (0.05)  +  0.05** (0.02)
Popt − 0.12** (0.01) − 0.10** (0.07)  +  − 0.1** (0.00) 0.04** (0.02) 0.07** (0.05)  +  0.03** (0.01)
UNEM − 0.01 (0.08) − 0.02 (0.09) − 0.08* (0.04) − 0.05** (0.03) − 0.06** (0.04) − 0.04** (0.01)
UNEMF − 0.11** (0.05) − 0.14** (0.07) − 0.03 (0.03) − 0.02** (0.01) − 0.04** (0.02) − 0.02** (0.01)
GINI − 0.003 (0.01) − 0.002 (0.01)  +  − 0.01** (0.02) − 0.04** (0.02) − 0.03** (0.02)  +  − 0.03** (0.01)
Prob > F 0    0     
HAUSMAN    0 0
  1. GDP Gross Domestic Product, POP Rural Population growth, UNEM Unemployment rate of men (ILO estimation), UNEMF Unemployment rate of Women (ILO estimation), GINI Gini coefficient, LITF Literacy rate of women, LITM Literacy rate of men, LITT Total literacy rate and FII Financial inclusion index
  2. *Significant at level 10%
  3. **Significant at level 5%