Table 3 Hypothesized relationships between the number of cellular phone subscribers per 1000 people and independent variables in equation 3
Independent variables | Variable Coefficients | Expected Signs | Studies from which the hypothesized signs are based |
|---|---|---|---|
Combined school enrolment ratio | β1 | Positive | Chinn & Fairlie [17]; |
Per capita income | β2 | Positive | Chinn & Fairlie [17];Oyelaran-Oyeyinka & Lal [21];Quibria et al [15] |
Regulatory quality | β3 | Positive | Chinn & Fairlie [17]; |
Rule of law | β4 | Indeterminate |  |
Corruption control | β5 | Indeterminate |  |