Variables | FE | RE | MI |
Crowdfunding in West and Central Africa | |||
Internet | 0.3513*** | 0.3713*** | 0.3890*** |
(0.000) | (0.000) | (0.000) | |
Mobile phone | 0.1383 | 0.2968* | 0.2957* |
(0.428) | (0.027) | (0.028) | |
Education | −0.0328 | 0.0313 | 0.0189 |
(0.794) | (0.787) | (0.868) | |
Finanncial system | −0.5923** | −0.2145 | −0.2871 |
(0.008) | (0.121) | (0.054) | |
Real Gdp | −0.0020 | −0.0031 | −0.0030 |
(0.699) | (0.553) | (0.545) | |
Electricity | 0.3053 | 0.1302 | 0.1649 |
(0.052) | (0.301) | (0.199) | |
Employment | 0.0505 | 0.0098 | 0.0327 |
(0.949) | (0.962) | (0.893) | |
Starting doing business | −0.0781 | −0.0632 | −0.06724 |
(0.075) | (0.147) | (0.107) | |
Urbanization | 2.022 | −0.5796** | −0.5992** |
(0.091) | (0.004) | (0.008) | |
Constant | −7.3826 | 0.9632 | 1.0642 |
(0.167) | (0.230) | (0.512) | |
rho | 0.9586 | 0.3912 | rho |
LR test | 56.07 | ||
(0.000) | |||
F test | 20.24 | ||
(0.000) | |||
Wald | 153.49 | 173.38 | |
(0.000) | (0.000) | ||
N | 177 | 177 | 177 |