Table 3 Institutional quality, ICT...

Table 3

Institutional quality, ICT penetration and socioeconomic gender inclusion

Variables	(1)	(2)	(3)	(4)	(5)	(6)
Variables	Dependent variable: women business and law index (WBLI)
Rule of law	4.904**
Rule of law	(1.946)
ICT	0.753***	0.701***	0.669***	0.788***	0.738***	0.803***
ICT	(0.115)	(0.103)	(0.0862)	(0.121)	(0.102)	(0.123)
Financial development	0.0273	0.0152	0.0482*	0.0496*	0.00758	0.0484*
Financial development	(0.0243)	(0.0243)	(0.0288)	(0.0265)	(0.0259)	(0.0254)
FDI	−0.0159	−0.0227*	−0.0282**	−0.0247*	−0.0117	−0.0122
FDI	(0.0153)	(0.0129)	(0.0124)	(0.0143)	(0.0147)	(0.0150)
GDP per capita (log)	−2.735*	−4.531***	−3.413***	−2.569*	−4.186**	−1.259
GDP per capita (log)	(1.580)	(1.402)	(1.174)	(1.503)	(1.638)	(1.403)
Regulatory quality		9.654***
Regulatory quality		(2.042)
Voice and accountability			9.355***
Voice and accountability			(1.951)
Political stability				4.772***
Political stability				(1.592)
Government effectiveness					8.017***
Government effectiveness					(2.060)
Corruption control						0.928
Corruption control						(0.606)
Constant	87.41***	103.2***	92.55***	85.04***	100.6***	73.22***
Constant	(12.38)	(11.09)	(10.05)	(11.41)	(13.14)	(10.78)
Observations	2,142	2,142	2,142	2,141	2,142	2,142
R-squared	0.363	0.418	0.501	0.378	0.389	0.350
Fisher	48.73***	53.29***	73.75***	42.56***	47.98***	40.78***

Variables	(1)	(2)	(3)	(4)	(5)	(6)
Variables	Dependent variable: women business and law index (WBLI)
Rule of law	4.904**
Rule of law	(1.946)
ICT	0.753***	0.701***	0.669***	0.788***	0.738***	0.803***
ICT	(0.115)	(0.103)	(0.0862)	(0.121)	(0.102)	(0.123)
Financial development	0.0273	0.0152	0.0482*	0.0496*	0.00758	0.0484*
Financial development	(0.0243)	(0.0243)	(0.0288)	(0.0265)	(0.0259)	(0.0254)
FDI	−0.0159	−0.0227*	−0.0282**	−0.0247*	−0.0117	−0.0122
FDI	(0.0153)	(0.0129)	(0.0124)	(0.0143)	(0.0147)	(0.0150)
GDP per capita (log)	−2.735*	−4.531***	−3.413***	−2.569*	−4.186**	−1.259
GDP per capita (log)	(1.580)	(1.402)	(1.174)	(1.503)	(1.638)	(1.403)
Regulatory quality		9.654***
Regulatory quality		(2.042)
Voice and accountability			9.355***
Voice and accountability			(1.951)
Political stability				4.772***
Political stability				(1.592)
Government effectiveness					8.017***
Government effectiveness					(2.060)
Corruption control						0.928
Corruption control						(0.606)
Constant	87.41***	103.2***	92.55***	85.04***	100.6***	73.22***
Constant	(12.38)	(11.09)	(10.05)	(11.41)	(13.14)	(10.78)
Observations	2,142	2,142	2,142	2,141	2,142	2,142
R-squared	0.363	0.418	0.501	0.378	0.389	0.350
Fisher	48.73***	53.29***	73.75***	42.56***	47.98***	40.78***

Note(s): ICT, Information and communication technology; FDI, foreign direct investment; GDI, Gross domestic product; Standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Computed by authors

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