Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Financial Innovation

Table 8 Regression on mobile phone and financial inclusion in SAARC countries

Variable	Model I	Model II	Model III
MOB	0.131^b	0.192^a	0.250^a
MOB	(2.29)	(3.49)	(3.98)
Y	0.116^b	0.034	0.235^c
Y	(2.37)	(0.33)	(1.92)
RPOP	−1.615^a	− 1.302^a	− 0.178^a
RPOP	(− 6.73)	(− 6.03)	(−3.53)
UEMP	−0.671^a	− 0.517^a	− 0.729^a
UEMP	(− 3.92)	(− 3.15)	(3.91)
EDU	0.107	0.296	0.236^a
EDU	(0.31)	(0.63)	(3.31)
Model	FEM	REM	PCSE
Colinearity	0.791
Heteroscedasticity	639.2
Observation	80	80	80
Prob.	0.086	0.064	0.092

Source: Calculated by authors
Note: The bracket value of first, second, and third model indicates t-value, z-value, and again z-value, respectively
^aLevel of significance at 1%
^bLevel of significance at 5%
^cLevel of significance at 10%