Table 10 Threshold regression results.
Variables | Economic development level |
---|---|
Inhedu | − 0.48*** (0.15) |
rd | − 0.19** (0.08) |
Intce | 0.97*** (0.13) |
urban | − 0.96*** (0.27) |
trand | 0.04 (0.05) |
Inpgdp ≤ \({\upgamma }_{1}\) | − 0.10*** (0.03) |
\({\upgamma }_{1}\)≤Inpgdp ≤ \({\upgamma }_{2}\) | − 0.15*** (0.03) |
Inpgdp ≥ \({\upgamma }_{2}\) | − 0.21*** (0.03) |
Constant | − 2.92** (1.19) |
Observations | 330 |
Number of code | 30 |
R-squared | 0.83 |