Table 1 Regression results of ICT and...

Table 1

Regression results of ICT and ICT2 on Gini coefficient

Dependent Variable	(1)	(2)	(3)	(4)
Dependent Variable	Pooled OLS	FEM	REM	GLS
ICT	−19.26***	−12.64*	−16.47**	−14.72***
ICT	(7.277)	(7.008)	(6.739)	(4.953)
ICT2	18.90**	17.73**	21.20***	16.67***
ICT2	(8.161)	(7.830)	(7.529)	(6.035)
HC	−0.0766**	−0.241***	−0.157***	−0.114***
HC	(0.0368)	(0.0716)	(0.0483)	(0.0366)
lnGRDPPC	−0.638	−1.046	−0.539	−1.308**
lnGRDPPC	(0.483)	(1.368)	(0.733)	(0.624)
FDI	−0.967	−1.322	−1.395	−0.659
FDI	(1.448)	(1.235)	(1.233)	(0.729)
Trade	−0.428**	−0.164	−0.296	−0.528**
Trade	(0.184)	(0.240)	(0.211)	(0.211)
PCI	−0.0509	0.00767	−0.0178	0.0253
PCI	(0.0536)	(0.0522)	(0.0488)	(0.0384)
passengers	−0.513***	2.589***	−0.0221	−0.347*
passengers	(0.193)	(0.818)	(0.325)	(0.208)
Urban	4.491**	−14.50***	−1.049	1.984
Urban	(1.905)	(4.899)	(2.692)	(2.066)
_cons	49.69***	44.20***	47.21***	46.38***
_cons	(3.234)	(3.646)	(3.040)	(2.500)
N	378	378	378	378
Adjusted R²	0.142	0.155	0.1191
Wald test	p-value = 0.0000 < 0.05
Hausman test	p-value = 0.0041 < 0.05

DependentVariable	(1)	(2)	(3)	(4)
DependentVariable	Pooled OLS	FEM	REM	GLS
ICT	−19.26***	−12.64*	−16.47**	−14.72***
ICT	(7.277)	(7.008)	(6.739)	(4.953)
ICT2	18.90**	17.73**	21.20***	16.67***
ICT2	(8.161)	(7.830)	(7.529)	(6.035)
HC	−0.0766**	−0.241***	−0.157***	−0.114***
HC	(0.0368)	(0.0716)	(0.0483)	(0.0366)
lnGRDPPC	−0.638	−1.046	−0.539	−1.308**
lnGRDPPC	(0.483)	(1.368)	(0.733)	(0.624)
FDI	−0.967	−1.322	−1.395	−0.659
FDI	(1.448)	(1.235)	(1.233)	(0.729)
Trade	−0.428**	−0.164	−0.296	−0.528**
Trade	(0.184)	(0.240)	(0.211)	(0.211)
PCI	−0.0509	0.00767	−0.0178	0.0253
PCI	(0.0536)	(0.0522)	(0.0488)	(0.0384)
passengers	−0.513***	2.589***	−0.0221	−0.347*
passengers	(0.193)	(0.818)	(0.325)	(0.208)
Urban	4.491**	−14.50***	−1.049	1.984
Urban	(1.905)	(4.899)	(2.692)	(2.066)
_cons	49.69***	44.20***	47.21***	46.38***
_cons	(3.234)	(3.646)	(3.040)	(2.500)
N	378	378	378	378
Adjusted R²	0.142	0.155	0.1191
Wald test	p-value = 0.0000 < 0.05
Hausman test	p-value = 0.0041 < 0.05

Note(s): Numbers in bracket indicate standard errors, and asterisk marks with *, ** and *** indicate the estimated coefficients are statistically significant at level of 10, 5 and 1%, respectively

Source(s): Authors’ estimation

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