Determinants of global interest in the eNaira (two-stage least square regression estimation)
| Dependent variable: eNaira | ||||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | |
| C | −6.755 (−1.48) | −6.661* (−1.83) | −6.210 (−1.38) | −4.824 (−1.30) |
| Interest in CBDC1 | −0.053 (−0.88) | −0.059 (−0.96) | ||
| Interest in CBDC2 | −0.151** (−2.30) | −0.151** (−2.34) | ||
| Interest in SD | 0.039 (0.65) | 0.097 (1.46) | ||
| Interest in the SDG | 0.044 (0.87) | 0.084 (1.58) | ||
| Interest in cryptocurrency | 0.702*** (9.88) | 0.702*** (9.88) | 0.718*** (10.35) | 0.719*** (10.38) |
| R2 (%) | 36.50 | 36.62 | 38.05 | 38.17 |
| Adjusted R2 (%) | 35.45 | 35.57 | 37.02 | 37.14 |
| F-Statistic | 34.68 | 34.87 | 37.05 | 37.246 |
| P(F-Statistic) | 0.000 | 0.000 | 0.000 | 0.000 |
| Dependent variable: eNaira | ||||
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | |
| C | −6.755 (−1.48) | −6.661* (−1.83) | −6.210 (−1.38) | −4.824 (−1.30) |
| Interest in CBDC1 | −0.053 (−0.88) | −0.059 (−0.96) | ||
| Interest in CBDC2 | −0.151** (−2.30) | −0.151** (−2.34) | ||
| Interest in SD | 0.039 (0.65) | 0.097 (1.46) | ||
| Interest in the | 0.044 (0.87) | 0.084 (1.58) | ||
| Interest in cryptocurrency | 0.702*** (9.88) | 0.702*** (9.88) | 0.718*** (10.35) | 0.719*** (10.38) |
| 36.50 | 36.62 | 38.05 | 38.17 | |
| Adjusted | 35.45 | 35.57 | 37.02 | 37.14 |
| 34.68 | 34.87 | 37.05 | 37.246 | |
| P( | 0.000 | 0.000 | 0.000 | 0.000 |
Note(s): The instruments used in the 2SLS estimation are the lagged explanatory variables
T-statistic is reported in parenthesis. ***, **, * represent statistical significance at the 1%, 5% and 10% levels
Source(s): Author’s computation