Period 2004 to 2017 | MODEL 1 By OLS | MODEL 2 by OLS | MODEL 3 by GLS | MODEL 4 by GLS |
Real GDP per capita (PIB) | 1.542174 (0.001)*** | 3.453238 (0.000)*** | 1.483872 (0.002)*** | 1.477419 (0.002)*** |
Mobile phone penetration (Mobile) | 0.0879871 (0.024)** | 0.2601325 (0.000)*** | 0.4161098 (0.000)*** | 0.4078781 (0.000)*** |
Rural Population rate (Popr) | −4.392873 (0.020)** | 0.00000 (0.000) | 6.415178 (0.000)*** | 6.802618 (0.000)*** |
Adult literacy rate (Alpha) | 0.4671693 (0.025)*** | 0.2544899 (0.334) | 2.310852 (0.001)*** | 2.470759 (0.000)*** |
Credit granted by banks to government (Cretat) | 0.0095981 (0.636) | 0.1732874 (0.022)** | −0.03521 (0.541) | 0.3834764 (0.137) |
Weight of agriculture in GDP (Agri) | −0.0682729 (0.803) | 0.00000 (0.000) | 0.0923636 (0.790) | −1.356619 (0.147) |
interbank credit (Interb) | −0.0442755 (0.040)** | −0.0151946 (0.572) | 0.0056108 (0.923) | 0.0084372 (0.883) |
C | −15.41228 (0.000)*** | −15.12621 (0.000)*** | −7.725357 (0.001)*** | −9.177621 (0.000)*** |
CRETAGRI (Cretat * Agri) | 0.00000 (0.000) | 0.1495847 (0.022)** | 0.00000 (0.000) | 0.3568344 (0.095)* |
ALPHARUR (Alpha * Popr) | 0.00000 (0.000) | 0.00000 (0.000) | 4.110451 (0.002)** | 4.405903 (0.001)*** |
R2 | 0.8948 | 0.8217 | 0.6255 | 0.6437 |
F Fisher or Wald | 117.92 | 75.28 | 140.85 | 146.06 |
p-value | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
Observations | 112 | 112 | 112 | 112 |