Table 5.

Econometric results (system GMM)

VariableDependent variable: agricultural value added
Fixed broadbandFixed telephoneInternetMO100IT
Log agricultural value added (−1)0.940*** (0.000)0.738*** (0.000)0.942*** (0.000)1.032*** (0.000)0.972*** (0.000)
Financial development−0.007 (0.200)−0.006 (0.188)−0.004 (0.100)−0.00002 (0.805)−0.008*** (0.002)
Education−0.695 (0.154)−3.125** (0.013)−1.388*** (0.009)−1.046* (0.092)0.126 (0.751)
Fixed broadband (FB)−1.377** (0.018)
Fixed telephone (FT)−0.668*** (0.005)
Internet (INT)−0.061*** (0.001)
MO100−0.007** (0.020)
Information technologies (IT)−0.691*** (0.003)
Education × FB2.112** (0.019)
Education × FT1.042*** (0.003)
Education × INT0.128*** (0.002)
Education × MO1000.013* (0.089)
Education × IT1.411*** (0.005)
Log economic growth0.142*** (0.006)0.381** (0.012)0.102** (0.022)0.0.098*** (0.000)0.132*** (0.001)
Log land0.107** (0.043)0.216* (0.088)0.048* (0.068)0.016 (0.496))0.068** (0.048)
Log labor0.221*** (0.005)0.206 (0.141)0.252** (0.049)0.098* (0.060)0.250** (0.022)
Constant−1.031 (0.357)1.916 (0.258)−1.181 (0.789)−1.011 (0.148)−1.901* (0.970)
IT net effects−0.477−0.224−0.006−0.001−0.089
Education thresholds0.6510.6410.4760.5380.489
AR (1)−1.69* (0.091)−1.67* (0.095)−3.20*** (0.001)−4.00*** (0.000)−2.88*** (0.004)
AR (2)0.51 (0.608)0.45 (0.489)−0.19 (0.848)−1.63 (0.104)−0.02 (0.987)
Sargan6.90*** (0.864)20.97** (0.051)13.72*** (0.319)30.44 (0.002)17.34*** (0.137)
Hansen19.61** (0.075)16.41*** (0.173)19.96** (0.068)19.23** (0.083)21.24* (0.047)
Fisher299600.27*** (0.000)68573.71*** (0.000)379521.04*** (0.000)3.08e + 06*** (0.000)399056.44*** (0.000)
Number of instruments2121212121
Number of groups3434343434
Observations423466457467415
Note(s):

***p <1%, **p <5% et *p <10%

Source(s): Authors’ work

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