Integration into regional or global value chains and economic upgrading prospects: an analysis of the East African Community (EAC) bloc

Future Business Journal

Table 5 Regression model estimations

Regressors	Fixed effects estimation (ordinary least square− OLS) I		Fixed Effects Estimation with Driscoll and Kraay standard errors II
Regressors	Coefficient	P. value	Coefficient	P. value
LDOC	0.1506 (0.0716)	0.040**	0.1506 (0.0442)	0.005**
LGDPCA	0.0828 (0.1533)	0.591	0.0828 (0.0550)	0.157
LHCA	0.0480 (0.1240)	0.700	0.0480 (0.1133)	0.679
LQS	− 0.1986 (0.0471)	0.000***	− 0.1986 (0.03029)	0.000***
QI	0.1486 (0.0847)	0.085*	0.1486 (0.0749)	0.069*
LFDI (− 1)	0.0295 (0.0198)	0.142	0.0295 (0.0165)	0.098*
LFVA (− 1)	0.4850 (0.1243)	0.000) ***	0.4850 (0.0885)	0.000***
C	− 10.9621	0.000***	− 10.9621 (1.0754)	0.000***
	R²	0.69	R²	0.85
	Adjusted R²	0.68	Adjusted R²	0.83
	F (4, 58)	37.12	F (7, 13)	29.48
	P. Val> F	0.000	P. Val> F	0.000

^***, **,*Denote significant at the 1%, 5% and 10% level, respectively. Values in () denotes standard errors