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Table 7 Coefficients for the variables of the augmented gravity model with regularization, applied to the Bitcoin flow. Overall freedom index, common border and common language are excluded as their respective coefficients drop to 0 during the variable selection made through the regularization

From: Analysis of the Bitcoin blockchain: socio-economic factors behind the adoption

Variables

Coefficient

Population In

1.90

Population Out

1.94

Distance

−0.31

Trade Freedom In

1.45

Trade Freedom Out

1.63

High-income countries In

−0.60

High-income countries Out

−1.53

Internet Penetration In

0.55

Internet Penetration Out

0.84

GDP per capita In

1.10

GDP per capita Out

1.29

Constant

−3.94