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. 2020 Dec 7;163:120510. doi: 10.1016/j.techfore.2020.120510

Table 5.

Country as a moderator.

China France Italy UK
Β t-Value p-Value β t-Value p-Value β t-Value p-Value β t-Value p-Value
CA->PE 0.232 1.616 0.106 0.147 2.003 0.045 0.214 1.570 0.116 0.373 3.664 0.000
HT->ITU 0.276 1.646 0.099 0.190 2.277 0.022 (−0.016) 0.191 0.848 0.222 1.635 0.102
PI->EE 0.073 0.438 0.661 0.170 1.587 0.112 0.233 2.311 0.020 0.133 1.181 0.237
PR->ITU (−0.044) 0.380 0.703 (−0.112) 2.074 0.038 (−0.134) 1.381 0.167 (−0.099) 0.941 0.346
SI->ITU 0.214 1.547 0.121 0.018 0.339 0.734 0.160 2.032 0.042 0.062 0.839 0.401