Variables

FE

RE

MI

Crowdfunding in West and Central Africa

Internet

0.3905***

0.3399***

0.3560***

(0.000)

(0.000)

(0.000)

Mobile phone

0.3533*

0.2425

0.2733*

(0.019)

(0.059)

(0.037)

Education

−0.07633

0.04195

−0.3158

(0.533)

(0.709)

(0.956)

Financial system

−0.6293**

−0.2343

−0.3158*

(0.004)

(0.096)

(0.040)

Constant

0.2429

−0.6602

−0.4905

(0.747)

(0.230)

(0.403)

rho

0.7037

0.4508

rho

LR test

68.57

(0.000)

F test

41.51

(0.000)

Wald

140.34

158.65

(0.000)

(0.000)

N

177

177

177