| (1) |
VARIABLES | OLS coefficients |
ACCESS TO CREDIT | 0.590* |
| (0.313) |
COLLATERAL | −0.916 |
| (0.828) |
CORRUPTION | 0.117 |
| (0.314) |
POLITICAL INSTABILITY | −0.733*** |
| (0.237) |
TAX RATES | 0.127 |
| (0.0920) |
EXPERIENCE | 0.00828 |
| (0.0417) |
EXPERIENCE SQUARE | 0.000468 |
| (0.000958) |
AMOUNT OF LOAN | 0.166 |
| (0.153) |
LOAN BEFORE | −0.829** |
| (0.362) |
AGE | 0.0716** |
| (0.0278) |
SAVING ACCOUNT | 0.784*** |
| (0.250) |
DURATION OF LOAN | 0.259** |
| (0.118) |
AGE SQUARE | −0.001000*** |
| (0.000301) |
CONSTANT | 14.44*** |
| (2.857) |
OBSERVATIONS | 361 |
R-SQUARED | 0.289 |