From: Asymmetric threshold effects of digitization on inflation in emerging markets
Regressors | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
---|---|---|---|---|---|---|---|---|---|
l.inf |  − 0.574*** |  − 0.574*** |  − 0.573*** |  − 0.572*** |  − 0.577*** |  − 0.574*** |  − 0.569*** |  − 0.579*** |  − 0.577*** |
 | (0.013) | (0.012) | (0.012) | (0.013) | (0.015) | (0.013) | (0.013) | (0.013) | (0.014) |
outgap | 0.175*’ | 0.181*’ | 0.170*’ | 0.188*’ | 0.186*’ | 0.169*’ | 0.212* | 0.196* | 0.177* |
 | (11.798) | (11.970) | (11.844) | (12.567) | (11.693) | (11.573) | (12.822) | (11.976) | (12.118) |
inf_exp | 0.205*** | 0.204*** | 0.205*** | 0.205*** | 0.207*** | 0.206*** | 0.206*** | 0.205*** | 0.205*** |
 | (12.854) | (12.518) | (12.728) | (12.562) | (13.251) | (12.993) | (12.453) | (13.138) | (12.803) |
exch | 0.159*** | 0.163*** | 0.161*** | 0.174*** | 0.166*** | 0.152*** | 0.178*** | 0.160*** | 0.155*** |
 | (0.537) | (0.552) | (0.538) | (0.567) | (0.552) | (0.523) | (0.580) | (0.531) | (0.561) |
fdi | 0.716** | 0.673** | 0.679** | 0.738** | 0.780** | 0.711** | 0.750** | 0.497* | 0.771** |
 | (0.323) | (0.312) | (0.309) | (0.328) | (0.343) | (0.319) | (0.330) | (0.274) | (0.358) |
loil | 0.369 | 0.321 | 0.331 | 0.434 | 0.490 | 0.360 | 0.577 | 0.412 | 0.347 |
 | (0.578) | (0.602) | (0.568) | (0.574) | (0.613) | (0.560) | (0.651) | (0.576) | (0.581) |
digindex |  − 0.905*** |  |  |  |  |  |  |  |  |
 | (0.307) |  |  |  |  |  |  |  |  |
infra |  |  − 0.947*** |  |  |  |  |  |  |  |
 |  | (0.326) |  |  |  |  |  |  |  |
conn |  |  |  − 0.836*** |  |  |  |  |  |  |
 |  |  | (0.286) |  |  |  |  |  |  |
dighou |  |  |  |  − 0.998*** |  |  |  |  |  |
 |  |  |  | (0.335) |  |  |  |  |  |
digprod |  |  |  |  |  − 0.931*** |  |  |  |  |
 |  |  |  |  | (0.322) |  |  |  |  |
comp |  |  |  |  |  |  − 0.788*** |  |  |  |
 |  |  |  |  |  | (0.264) |  |  |  |
eco |  |  |  |  |  |  |  − 1.303*** |  |  |
 |  |  |  |  |  |  | (0.417) |  |  |
fp |  |  |  |  |  |  |  |  − 1.000*** |  |
 |  |  |  |  |  |  |  | (0.350) |  |
instr |  |  |  |  |  |  |  |  |  − 0.835*** |
 |  |  |  |  |  |  |  |  | (0.272) |
Observations | 356 | 356 | 356 | 356 | 356 | 356 | 356 | 356 | 356 |
No. Countries | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
AB, AR(1) p-value | 0.0237 | 0.0249 | 0.0221 | 0.0182 | 0.0221 | 0.0263 | 0.0207 | 0.0218 | 0.0236 |
AB, AR(2) p-value | 0.0695 | 0.0689 | 0.0651 | 0.0598 | 0.0693 | 0.0748 | 0.0737 | 0.0630 | 0.0860 |
Hansen p-value | 0.280 | 0.258 | 0.266 | 0.286 | 0.268 | 0.311 | 0.266 | 0.264 | 0.280 |