Cross-sectional dependence test results
| Variables | CD-test | p-value | Corr | Abs (corr) |
|---|---|---|---|---|
| FII | 45.03 | 0.000 | 0.761 | 0.794 |
| Hdi | 51.89 | 0.000 | 0.884 | 0.884 |
| Dens | 61.44 | 0.000 | 0.999 | 0.999 |
| Depend | 55.96 | 0.000 | 0.965 | 0.965 |
| Internet | 49.34 | 0.000 | 0.850 | 0.850 |
| Mobile | 50.46 | 0.000 | 0.870 | 0.870 |
| Fh | 49.96 | 0.000 | 0.813 | 0.813 |
| Polity2 | 47.66 | 0.000 | 0.775 | 0.775 |
| Glob | 59.09 | 0.000 | 0.961 | 0.961 |
| Globeco | 54.90 | 0.000 | 0.893 | 0.893 |
| Globsoc | 60.35 | 0.000 | 0.982 | 0.982 |
| Globpo | 60.53 | 0.000 | 0.984 | 0.984 |
| Variables | CD-test | Corr | Abs (corr) | |
|---|---|---|---|---|
| FII | 45.03 | 0.000 | 0.761 | 0.794 |
| Hdi | 51.89 | 0.000 | 0.884 | 0.884 |
| Dens | 61.44 | 0.000 | 0.999 | 0.999 |
| Depend | 55.96 | 0.000 | 0.965 | 0.965 |
| Internet | 49.34 | 0.000 | 0.850 | 0.850 |
| Mobile | 50.46 | 0.000 | 0.870 | 0.870 |
| Fh | 49.96 | 0.000 | 0.813 | 0.813 |
| Polity2 | 47.66 | 0.000 | 0.775 | 0.775 |
| Glob | 59.09 | 0.000 | 0.961 | 0.961 |
| Globeco | 54.90 | 0.000 | 0.893 | 0.893 |
| Globsoc | 60.35 | 0.000 | 0.982 | 0.982 |
| Globpo | 60.53 | 0.000 | 0.984 | 0.984 |
Source(s): Authors’ calculation
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