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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 5 Panel estimation results (dependent variable: LHDI).

From: Internet usage, innovation and human development nexus in Africa: the case of ECOWAS

 

REM

FEM

REM

Internet usage (lintusph)

0.017*

(4.17)

  

Technical knowledge (Internet usage * innovation)

 

0.016*

(5.75)

 

Innovation (lscijl)

  

0.02*

(4.37)

Primary school enrolment

1.279*

(8.46)

1.179*

(8.43)

1.430*

(11.11)

Rule of law (institution)

− 0.008

(1.05)

− 0.02*

(− 2.51)

− 0.010

(− 1.27)

Domestic credit provided by financial sector

− .006

(− 0.65)

− .010

(− 1.24)

− .004

(0.50)

GDP per capita growth rate

− .0007

(− 0.23)

0.0004

(− 0.15)

− 0.002

(− 0.78)

Constant

− 2.50*

(10.15)

− .2.36*

(10.28)

2.79*

(13.62)

F-statistics

 

68.71

 

Prob > F

 

0.000

 

Wald χ2 (5)

269.34

 

289.27

Prob > χ2

0.000

0.000

0.000

Corr (u_i, Xb)

0

0.10

0

Number of observationsa

97

97

97

Number of groups

15

15

15

  1. The values in the round parentheses ‘()’ are the t statistic values; *denotes that the coefficients are significant at 5% level. **Denotes that the coefficients are significant at 10% level
  2. aNotably, the number of observations used for the analysis seemed to be smaller compared to the number of observations in the descriptive statistics and this is attributed to the fact that the Gambia had missing data and, hence, was omitted from the data set to reduce panel attrition and there were few missing values in some other countries