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| Variables | Threshold Variables | |
|---|---|---|
| cd | cs | |
| open | 0.0053 (0.97) |
0.019*** (3.947) |
| basein | 0.0.136 (0.63) |
0.0084 (0.41) |
| govern | -0.036*** a (-4.45) b |
-0.0489*** (-4.21) |
| digit_0 | 0.3974*** (29.61) |
0.3381*** (20.91) |
| digit_1 | 0.7415*** (24.52) |
0.6758*** (24.49) |
| digit_2 | 0.4484*** (19.83) |
|
| constant | -0.0377 (-0.43) |
-0.1312 (-1.30) |
a *, **, *** indicate a significance level of 10%, 5% and 1%, respectively.
b Values in () are standard errors.
