Table 3 Panel A: System GMM regression... | Emerald Publishing

Table 3

Panel A: System GMM regression results

Variable	Model 1: LPG Coefficient	Model 2: Unemployment coefficient	Model 3: LFP Coefficient
Broadband Penetration	0.016 (0.012)	−0.012 (0.009)	0.009 (0.008)
ICT Investment	0.274 (0.107)**	−0.215 (0.085)**	0.168 (0.075)**
E-commerce Adoption	0.083 (0.031)***	−0.065 (0.028)**	0.052 (0.025)*
Institutional Quality	0.198 (0.079)**	−0.145 (0.067)**	0.121 (0.062)**
Broadband × Institutions	0.003 (0.009)	0.002 (0.007)	−0.001 (0.006)
ICT × Institutions	0.019 (0.010)*	−0.015 (0.008)*	0.012 (0.007)*
GDP per Capita (log)	0.043 (0.020)**	−0.032 (0.017)*	0.028 (0.016)*
Lagged Dependent Variable	0.312 (0.082)***	0.298 (0.075)***	0.265 (0.070)***
Diagnostics	Hansen J-test: 0.387	Hansen J-test: 0.412	Hansen J-test: 0.398
Diagnostics	AR(2): 0.151	AR(2): 0.164	AR(2): 0.157

Variable	Model 1: LPGCoefficient	Model 2: Unemployment coefficient	Model 3: LFPCoefficient
Broadband Penetration	0.016 (0.012)	−0.012 (0.009)	0.009 (0.008)
ICT Investment	0.274 (0.107)**	−0.215 (0.085)**	0.168 (0.075)**
E-commerce Adoption	0.083 (0.031)***	−0.065 (0.028)**	0.052 (0.025)*
Institutional Quality	0.198 (0.079)**	−0.145 (0.067)**	0.121 (0.062)**
Broadband × Institutions	0.003 (0.009)	0.002 (0.007)	−0.001 (0.006)
ICT × Institutions	0.019 (0.010)*	−0.015 (0.008)*	0.012 (0.007)*
GDP per Capita (log)	0.043 (0.020)**	−0.032 (0.017)*	0.028 (0.016)*
Lagged Dependent Variable	0.312 (0.082)***	0.298 (0.075)***	0.265 (0.070)***
Diagnostics	Hansen J-test: 0.387	Hansen J-test: 0.412	Hansen J-test: 0.398
Diagnostics	AR(2): 0.151	AR(2): 0.164	AR(2): 0.157

Source(s): Created by authors