Table 6.
Technology adoption model.
| Technology Adoption Model | |||
|---|---|---|---|
| Variables | LHTE Model | LEPC Model | All |
| LHTE | 0.619 * (0.001) | - | 0.118 *** (0.1) |
| LEPC | - | 0.721 * (0.00) | 0.701 * (0.00) |
| LG | −5.43 * (0.002) | −3.044 * (0.002) | −2.756 ** (0.011) |
| LG2 | 0.09 * (0.005) | 0.053 * (0.003) | 0.047 ** (0.016) |
| TRO | 1.297 * (0.00) | 0.683 * (0.00) | 0.661 * (0.00) |
| Constant | 76.486 * (0.002) | 36.354 * (0.007) | 33.06 ** (0.02) |
| R2 | 0.5912 | 0.9271 | 0.9287 |
| RMSE | 0.6051 | 0.2555 | 0.2537 |
| F-Stats | 151.86 (0.00) | 1020.35 (0.00) | 447.20 (0.00) |
| BRICS | 5 | 5 | 5 |
| Observation | 145 | 145 | 145 |
| Newey–West standard error method | |||
| LHTE | 0.619 * (0.00) | - | 0.118** (0.04) |
| LEPC | - | 0.72 * (0.00) | 0.701 * (0.00) |
| LG | −5.43 * (0.002) | - | −2.756 * (0.001) |
| LG2 | 0.09 * (0.004) | −3.044 * (0.00) | 0.047 * (0.002) |
| TRO | 1.297 * (0.00) | 0.683 * (0.00) | 0.661 * (0.00) |
| Constant | 76.48 * (0.003) | 36.35 * (0.00) | 33.06 * (0.00) |
| F-Stats | 105.38 (0.00) | 538.88 (0.00) | 504.71(0.00) |
| BRICS | 5 | 5 | 5 |
| Observation | 145 | 145 | 145 |
Note: () indicates the probability values; *,**, and *** shows the 1, 5, and 10% level of significance, respectively.