Table 8.
Quantile regression results
| Variables | 10% | 25% | 50% | 75% | 90% |
|---|---|---|---|---|---|
| DG |
0.220*** (0.077) |
0.217*** (0.070) |
0.372*** (0.069) |
0.337*** (0.053) |
0.291*** (0.094) |
| Control variables | √ | √ | √ | √ | √ |
| _cons |
0.938*** (0.170) |
0.858*** (0.185) |
1.318*** (0.199) |
1.541*** (0.284) |
1.886*** (0.462) |
| R2 | 0.2573 | 0.3027 | 0.3399 | 0.3448 | 0.2944 |
| Obs. | 300 | 300 | 300 | 300 | 300 |
∗p < 0.1, ∗∗p < 0.05, ∗∗∗p < 0.01