(1)

(2)

(3)

Variables

Corruption

Law

Competitiveness

hci

−0.033

−0.029

−0.018

(0.050)

(0.039)

(0.049)

pubinternet

0.004***

−0.001

0.003***

(0.001)

(0.002)

(0.001)

ictbusiness

−0.003

0.002

0.006*

(0.003)

(0.004)

(0.003)

lngdp

0.273*

0.207

0.238***

(0.134)

(0.164)

(0.056)

expense

0.005

0.006*

−0.006***

(0.003)

(0.003)

(0.002)

Constant

−1.806

−1.156

2.018***

(1.587)

(1.766)

(0.640)

Observations

242

242

198

R-squared

0.156

0.077

0.439

Hausman Test

62.55***

15.97***

15.85**

Number of Country Code

23

23

23