Table 6

Endogeneity test

YXCoefficientp value
Model 1
Readiness¹ and memory²Memory¹0.8940.000
Digital technologies¹0.0170.749
Digital technologies²0.5810.000
Memory copula¹−0.0590.268
Model 2
Readiness¹ and memory²Memory¹0.8610.000
Digital technologies¹−0.0230.842
Digital technologies²0.5810.000
Digital technologies copula¹0.0500.465
Model 3
Readiness¹ and memory²Memory¹0.8980.000
Digital technologies¹0.0290.896
Digital technologies²0.5810.000
Memory copula¹−0.0940.252
Digital technologies copula¹0.0500.856
Model 4
Readiness¹ and memory²Memory¹0.8140.000
Digital technologies¹0.0610.057
Digital technologies²0.3200.452
Digital technologies copula²0.3210.533
Model 5
Readiness¹ and memory²Digital technologies¹0.0290.896
Digital technologies²0.3200.452
Memory0.8980.000
Memory copula¹−0.0940.252
Digital technologies copula¹0.0500.856
Digital technologies copula²0.3210.533
Note(s):

Superscripts indicate the corresponding dependent variable in each specification. Variables marked with 1 refer to effects on the dependent variable denoted by 1, while variables marked with 2 refer to effects on the dependent variable denoted by 2

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