Skip to main content
Future Business Journal

Table 2 OLS estimations (cross-sectional data)

From: Does strong governance stimulate the effect of economic freedom and financial literacy on financial inclusion? a cross-country evidence

Variables

DV = Fnancial literacy

DV = Fancial inclusion

1

2

3

4

5

6

GDP

 − 0.006

 − 0.004

0.015

0.017

0.020

0.019

(0.007)

(0.005)

(0.150)

(0.013)

(0.013)

(0.031)

Inflation

 − 0.007***

(0.002)

 − 0.001

(0.002)

 − 0.009*

(0.005)

0.001

(0.004)

0.000

(0.004)

 − 0.001

(0.004)

GINDEX

 

0.117***

(0.011)

 

0.220***

(0.032)

0.277***

(0.043)

0.273***

(0.043)

FL

    

0.006***

(0.003)

0.007***

(0.003)

GINDEX × FL

     

0.049***

(0.032)

Intercept

1.580***

(0.023)

1.550***

(0.017)

 − 0.072*

(0.053)

 − 0.083***

(0.044)

0.136

(0.123)

0.132***

(0.122)

R-Squared

0.085

0.510

0.040

0.337

0.360

0.374

  1. Note *,**, and *** indicate significance at the 10%, 5%, and 1% levels, respectively
Back to article page