Table 3. Panel threshold regression.
| Model | Threshold | Lower | Upper | F-stat | P-value | Crit10 | Crit5 | Crit1 |
|---|---|---|---|---|---|---|---|---|
| Th-1 | 4.7140 | 4.6965 | 4.7160 | 27.14 | 0.000 | 20.671 | 22.2930 | 25.765 |
| Th-2 | 5.4930 | 5.4650 | 5.4970 | 15.70 | 0.020 | 11.329 | 14.167 | 18.804 |
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