Table 7. Unconditional QR results... | Emerald Publishing

Table 7.

Unconditional QR results

	Financial outreach			Financial usage			Financial inclusion
VARIABLES	25	50	75	25	50	75	25	50	75
financial_outreach	–1.567*** (0.441)	–1.097*** (0.306)	–0.474*** (0.171)
financial_usage				–0.0610 (0.117)	0.0591 (0.135)	–0.136 (0.0867)
financial_inclusion							–0.574*** (0.112)	–0.357*** (0.117)	–0.226*** (0.0804)
loggdp	1.435*** (0.225)	1.086*** (0.159)	0.411*** (0.0736)	1.175*** (0.190)	0.872*** (0.106)	0.368*** (0.0662)	1.410*** (0.204)	1.049*** (0.149)	0.426*** (0.0826)
agri_area	0.0426** (0.0176)	–0.0826*** (0.0119)	–0.0537*** (0.00727)	–0.0107 (0.0138)	–0.130*** (0.0122)	–0.0576*** (0.00967)	0.0530*** (0.0152)	–0.0809*** (0.0113)	–0.0442*** (0.00995)
frent	0.0443* (0.0246)	0.0413*** (0.0124)	0.0325*** (0.0126)	0.0179 (0.0254)	0.0200** (0.00810)	0.0278** (0.0131)	0.0404 (0.0274)	0.0367*** (0.0123)	0.0335** (0.0135)
trade	–0.0219*** (0.00575)	–0.0255*** (0.00506)	–0.00643*** (0.00159)	–0.0160*** (0.00387)	–0.0210*** (0.00398)	–0.00508*** (0.00137)	–0.0200*** (0.00457)	–0.0239*** (0.00484)	–0.00626*** (0.00170)
pop_growth	0.238 (0.202)	–0.493*** (0.189)	0.00822 (0.0629)	0.470*** (0.142)	–0.308** (0.119)	0.0528 (0.0481)	0.282* (0.165)	–0.446*** (0.162)	0.00330 (0.0566)
Constant	–1.758 (1.213)	4.435*** (0.484)	7.486*** (0.385)	–0.651 (1.364)	5.392*** (0.349)	7.609*** (0.459)	–1.836 (1.215)	4.482*** (0.528)	7.344*** (0.469)
Observations	374	374	374	374	374	374	374	374	374
R–squared	0.192	0.137	0.083	0.123	0.091	0.066	0.156	0.108	0.079
Number of year	17	17	17	17	17	17	17	17	17

	Financial outreach			Financial usage			Financial inclusion
VARIABLES	25	50	75	25	50	75	25	50	75
financial_outreach	–1.567*** (0.441)	–1.097*** (0.306)	–0.474*** (0.171)
financial_usage				–0.0610 (0.117)	0.0591 (0.135)	–0.136 (0.0867)
financial_inclusion							–0.574*** (0.112)	–0.357*** (0.117)	–0.226*** (0.0804)
loggdp	1.435*** (0.225)	1.086*** (0.159)	0.411*** (0.0736)	1.175*** (0.190)	0.872*** (0.106)	0.368*** (0.0662)	1.410*** (0.204)	1.049*** (0.149)	0.426*** (0.0826)
agri_area	0.0426** (0.0176)	–0.0826*** (0.0119)	–0.0537*** (0.00727)	–0.0107 (0.0138)	–0.130*** (0.0122)	–0.0576*** (0.00967)	0.0530*** (0.0152)	–0.0809*** (0.0113)	–0.0442*** (0.00995)
frent	0.0443* (0.0246)	0.0413*** (0.0124)	0.0325*** (0.0126)	0.0179 (0.0254)	0.0200** (0.00810)	0.0278** (0.0131)	0.0404 (0.0274)	0.0367*** (0.0123)	0.0335** (0.0135)
trade	–0.0219*** (0.00575)	–0.0255*** (0.00506)	–0.00643*** (0.00159)	–0.0160*** (0.00387)	–0.0210*** (0.00398)	–0.00508*** (0.00137)	–0.0200*** (0.00457)	–0.0239*** (0.00484)	–0.00626*** (0.00170)
pop_growth	0.238 (0.202)	–0.493*** (0.189)	0.00822 (0.0629)	0.470*** (0.142)	–0.308** (0.119)	0.0528 (0.0481)	0.282* (0.165)	–0.446*** (0.162)	0.00330 (0.0566)
Constant	–1.758 (1.213)	4.435*** (0.484)	7.486*** (0.385)	–0.651 (1.364)	5.392*** (0.349)	7.609*** (0.459)	–1.836 (1.215)	4.482*** (0.528)	7.344*** (0.469)
Observations	374	374	374	374	374	374	374	374	374
R–squared	0.192	0.137	0.083	0.123	0.091	0.066	0.156	0.108	0.079
Number of year	17	17	17	17	17	17	17	17	17

Note(s):

Cluster-robust standard errors in parentheses; $* * * p < 0.01$ ⁠, $* * p < 0.05$ ⁠, $* p < 0.1$ ⁠; Time-fixed effects specified in UQR model