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Table 9 Summary of FE regression results of contactless debit cards

From: The impact of contactless payment on cash usage at an early stage of diffusion

 Usual cash withdrawnNumber of withdrawalsCash in walletCash share volume
VariableBaselineControls 1Controls 2BaselineControls 1Controls 2BaselineControls 1Controls 2BaselineControls 1Controls 2
 (1)(2)(3)(1)(2)(3)(1)(2)(3)(1)(2)(3)
Contactless debit cards-2.250-2.966-5.062-0.904*-0.942-0.9413.7894.2563.206-0.0030.0030.004
 (7.691)(7.751)(7.725)(0.502)(0.634)(0.625)(5.966)(7.965)(7.945)(0.033)(0.038)(0.038)
R20.0120.0110.0670.0080.0150.0410.0110.0140.0200.0130.0280.030
Individuals387430843084388230903089388230933093383230753074
Observations906899899906900899905898898905899898
DemographicsYesYesYesYesYesYesYesYesYesYesYesYes
Relative characteristicsNoYesYesNoYesYesNoYesYesNoYesYes
Withdrawal methodNoNoYesNoNoYesNoNoYesNoNoYes
  1. Cluster-robust standard errors are used and given in parentheses. Survey weights are used. Significance levels are denoted as ***p <0.01, **p <0.05, *p <0.1. The full set of FE estimates are reported in the Appendix (see Tables 22, 24, 26, and 28)