Table 2.

Regression results of unconditional convergence model based on the full sample and regional subsamples

Dependent Variable: ln (doc)		Lag1	Lag2	Lag3	Lag4	Lag5	Lag6	Lag7	Lag8	Lag9	Lag10
Full Sample	β	−0.173***	− 0.216***	− 0.255***	− 0.283***	− 0.316***	− 0.340***	− 0.367***	−0.392***	− 0.417***	− 0.434***
	SD	0.005	0.006	0.007	0.008	0.009	0.009	0.010	0.010	0.011	0.011
Western Region	β	−0.226***	− 0.257***	− 0.297***	−0.322***	− 0.357***	− 0.372***	− 0.396***	− 0.420***	− 0.433***	− 0.432***
	SD	0.011	0.013	0.015	0.017	0.018	0.019	0.020	0.021	0.022	0.022
Central Region	β	− 0.186***	− 0.265***	− 0.318***	− 0.364***	− 0.410***	−0.440***	− 0.469***	− 0.500***	− 0.528***	−0.559***
	SD	0.009	0.012	0.013	0.014	0.016	0.017	0.017	0.018	0.019	0.019
Eastern Region	β	−0.119***	−0.154***	− 0.187***	−0.212***	− 0.233***	−0.267***	− 0.302***	−0.329***	− 0.372***	−0.402***
	SD	0.007	0.008	0.010	0.011	0.012	0.013	0.014	0.015	0.015	0.016
R		0.171	0.216	0.255	0.283	0.316	0.340	0.367	0.392	0.417	0.434
R2		0.029	0.047	0.065	0.080	0.100	0.116	0.135	0.154	0.174	0.188
Adjusted R2		0.029	0.047	0.065	0.080	0.100	0.115	0.134	0.153	0.174	0.188
Dependent Variable: ln (bed)
Full Sample	β	−0.142***	−0.202***	−0.268***	−0.334***	−0.375***	− 0.421***	−0.465***	− 0.508***	−0.542***	− 0.579***
	SD	0.003	0.004	0.005	0.006	0.006	0.007	0.007	0.008	0.008	0.008
Western Region	β	−0.156***	−0.213***	− 0.284***	−0.355***	− 0.403***	−0.459***	− 0.511***	−0.565***	− 0.599***	−0.639***
	SD	0.006	0.008	0.009	0.011	0.012	0.013	0.013	0.014	0.014	0.015
Central Region	β	−0.125***	−0.182***	− 0.243***	−0.305***	− 0.34***	−0.377***	− 0.420***	−0.461***	− 0.496***	−0.528***
	SD	0.005	0.007	0.009	0.01	0.012	0.013	0.014	0.015	0.016	0.016
Eastern Region	β	−0.147***	−0.211***	− 0.274***	−0.339***	− 0.377***	−0.416***	− 0.454***	−0.484***	− 0.519***	−0.558***
	SD	0.004	0.006	0.007	0.008	0.009	0.010	0.011	0.011	0.012	0.012
R		0.139	0.202	0.268	0.334	0.375	0.421	0.465	0.508	0.542	0.579
R2		0.019	0.041	0.072	0.111	0.141	0.177	0.217	0.258	0.294	0.335
Adjusted R2		0.019	0.041	0.071	0.111	0.140	0.177	0.216	0.258	0.293	0.335

***, **, and * indicate statistical significance at the 0.1, 1, and 5% levels, respectively

SD standard deviation