Table 7.
Mechanism analysis: credit constraints.
| (1) | (2) | (3) | |
|---|---|---|---|
| Dependent variable | Household | Credit | Household |
| healthcare | Availability | healthcare | |
| expenditure | expenditure | ||
| Digital payments | 0.0534** | 0.00892*** | 0.0506* |
| (2.07) | (2.86) | (1.95) | |
| Credit Availability | 0.315*** | ||
| (5.87) | |||
| Control variables for household head | Yes | Yes | Yes |
| Control variables for household | Yes | Yes | Yes |
| Household fixed effects | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes |
| N | 24,126 | 24,126 | 24,126 |
| R 2 | 0.016 | 0.006 | 0.018 |
| Sobel Z | 2.803 | ||
| Sobel Z-P values | (0.0005) | ||
| Bootstrap Z | 2.60 | ||
| Bootstrap Z-P values | (0.009) | ||
| Intermediary effect as a percentage | 2.30% |
***, **, and * indicate significant at the 1, 5, and 10% statistical levels, respectively, with t-values in parentheses.