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

Financial Innovation

Table 9 Regression on Internet services and financial inclusion in SAARC countries

Variable	Model I	Model II	Model III
INT	0.319^b	0.416^a	0.512^a
INT	(2.51)	(3.27)	(3.65)
Y	0.035	0.031^b	0.123^b
Y	(0.36)	(2.32)	(2.58)
RPOP	−1.113^a	− 1.239^a	− 0.917^a
RPOP	(− 6.68)	(− 6.42)	(−5.27)
UEMP	−0.265^a	− 0.968^a	− 0.189^a
UEMP	(− 3.44)	(− 3.07)	(−9.10)
EDU	0.399^c	0.192^c	0.342^a
EDU	(1.99)	(1.94)	(9.97)
Model	FEM	REM	PCSE
Colinearity	0.786
Heteroscedasticity	585.3
Observation	80	80	80
Prob.	0.083	0.072	0.093

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%