| TFP | Africa | Central and West Africa |
| Constant | −0.372 (0.225) | −0.0161* (0.0895) |
| Ln(Capital structure) | 0.061** (0.035) | 0.0243** (0.042) |
| Quality of Transport Infrastructure | 0.059* (0.036) |
|
| Market size | 0.00005*** (0.004) | 0.0001*** (0.000) |
| Openess | −3.239 (0.378) | 0.0683 (0.200) |
| ICT use | −0.0291 (0.476) |
|
| Investment | 0.001 (0.874) | −0.001 (0.161) |
| R2 | 0.7643 |
|
| Wald chi2 |
| 54.73 |
| Prob chi2 |
| 0.000 |