Table 4 Impact of Fintech and... | Emerald Publishing

Table 4

Impact of Fintech and traditional determinants on inflation

	Model 1				Model 2				Model 3
INF	Coefficient	p>\|z\|	[95% conf. Interval]		Coefficient	p>\|z\|	[95% conf. Interval]		Coefficient	p>\|z\|	[95% conf. Interval]
EX	−0.0398*	0.1	−0.08882	−0.0588**	−0.05885**	0.033	−0.1129	−0.0048
RI	−0.3148***	0.000	−0.45627	−0.342343***	−0.3423***	0.000	−0.4935	−0.1911
DI	−0.2490	0.240	−0.6641	−0.4598**	−0.4598**	0.029	−0.8714	−0.0482
LIR	0.1375	0.211	−0.0778	0.2313314**	0.2313**	0.047	0.0032	0.4593
GDPA	−0.9968*	0.1	−2.2292	−1.1891*	−1.1891*	0.082	−2.5299	0.1515
GDPC	1.0061*	0.10	−0.2113	1.2035*	1.2035*	0.076	−0.1250	2.5321
BM	−0.0298***	0.001	−0.0482	−0.0426***	−0.0426***	0.000	−0.0607	−0.0245
BA	−8.4047***	0.002	−13.6384						15.3331	0.465	−25.7565	15.3331
MDP	4.0848*	0.1	−1.6068						124.2891*	0.086	−17.6763	266.2545
IU	6.2548*	0.087	−0.9001						60.2048*	0.096	−10.7094	131.1192
DP									−89.3933*	0.1	−215.8394	37.0526
DC									44.7651**	0.040	1.97581	87.5544
CC									−72.1584*	0.069	−149.866	5.5490
MMA									−65.8895	0.281	−185.8022	54.0231
_cons	16.1192	0.000	9.7380						110.5115***	0.000	94.37108	126.652
Rsquared	0.5144				0.4643				0.4091
χ² (p-value)	62,30*** (0,000)				42.48***(0.000)				18.04***(0.006)

	Model 1				Model 2				Model 3
INF	Coefficient	p>\|z\|	[95% conf. Interval]		Coefficient	p>\|z\|	[95% conf. Interval]		Coefficient	p>\|z\|	[95% conf. Interval]
EX	−0.0398*	0.1	−0.08882	−0.0588**	−0.05885**	0.033	−0.1129	−0.0048
RI	−0.3148***	0.000	−0.45627	−0.342343***	−0.3423***	0.000	−0.4935	−0.1911
DI	−0.2490	0.240	−0.6641	−0.4598**	−0.4598**	0.029	−0.8714	−0.0482
LIR	0.1375	0.211	−0.0778	0.2313314**	0.2313**	0.047	0.0032	0.4593
GDPA	−0.9968*	0.1	−2.2292	−1.1891*	−1.1891*	0.082	−2.5299	0.1515
GDPC	1.0061*	0.10	−0.2113	1.2035*	1.2035*	0.076	−0.1250	2.5321
BM	−0.0298***	0.001	−0.0482	−0.0426***	−0.0426***	0.000	−0.0607	−0.0245
BA	−8.4047***	0.002	−13.6384						15.3331	0.465	−25.7565	15.3331
MDP	4.0848*	0.1	−1.6068						124.2891*	0.086	−17.6763	266.2545
IU	6.2548*	0.087	−0.9001						60.2048*	0.096	−10.7094	131.1192
DP									−89.3933*	0.1	−215.8394	37.0526
DC									44.7651**	0.040	1.97581	87.5544
CC									−72.1584*	0.069	−149.866	5.5490
MMA									−65.8895	0.281	−185.8022	54.0231
_cons	16.1192	0.000	9.7380						110.5115***	0.000	94.37108	126.652
Rsquared	0.5144				0.4643				0.4091
χ² (p-value)	62,30*** (0,000)				42.48***(0.000)				18.04***(0.006)

Note(s): *p< 0.1, ** p < 0.05, *** p < 0.01

Source(s): Authors’ calculations