From: Analysis of the Bitcoin blockchain: socio-economic factors behind the adoption
Economic index | Year | Client downloads | p-value | IP | p-value |
---|---|---|---|---|---|
GDP per capita | 2011 | 0.675 | 8.25e−11 | – | – |
2012 | 0.638 | 1.69e−09 | 0.606 | 1.70e−08 | |
2013 | 0.719 | 1.18e−12 | 0.704 | 5.13e−12 | |
2014 | 0.686 | 2.92e−11 | 0.696 | 1.13e−11 | |
HDI | 2011 | 0.806 | 1.23e−17 | – | – |
2012 | 0.777 | 1.04e−15 | 0.733 | 2.46e−13 | |
2013 | 0.791 | 1.38e−16 | 0.796 | 6.77e−17 | |
2014 | 0.767 | 3.76e−15 | 0.751 | 3.00e−14 | |
Inflation | 2011 | −0.409 | 3.62e−04 | – | – |
2012 | −0.223 | 6.00e−02 | −0.203 | 8.70e−02 | |
2013 | −0.317 | 6.60e−03 | −0.277 | 1.83e−02 | |
2014 | −0.275 | 1.94e−02 | −0.313 | 7.38e−03 | |
Internet penetration | 2011 | 0.780 | 6.67e−16 | – | – |
2012 | 0.748 | 4.51e−14 | 0.706 | 4.48e−12 | |
2013 | 0.799 | 3.87e−17 | 0.794 | 8.56e−17 | |
2014 | 0.780 | 7.27e−16 | 0.765 | 5.37e−15 | |
Overall freedom | 2011 | 0.706 | 5.26e−13 | – | - |
2012 | 0.678 | 9.08e−12 | 0.639 | 3.19e−10 | |
2013 | 0.718 | 1.43e−13 | 0.677 | 9.86e−12 | |
2014 | 0.693 | 2.05e−12 | 0.659 | 5.33e−11 | |
Trade freedom | 2011 | 0.814 | 1.41e−19 | – | – |
2012 | 0.817 | 7.85e−20 | 0.789 | 9.51e−18 | |
2013 | 0.864 | 2.26e−24 | 0.850 | 8.10e−23 | |
2014 | 0.839 | 9.26e−22 | 0.834 | 2.35e−21 |