A Systems View Across Time and Space

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

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%