Table 12.
Panel threshold model parameter estimates.
| Variables | Regime1 q < = 412 | Regime2 q > 412 |
|---|---|---|
| gen | − 0.013 | 0.137 |
| (0.032) | (0.111) | |
| old | − 0.0004 | 0.009 |
| (0.0008) | (0.005) | |
| edu | 0.009 | − 0.029 |
| (0.011) | (0.045) | |
| FC | 0.041 | 0.071 |
| (0.017) | (0.103) | |
| MO | 0.015 | 0.302 |
| (0.007) | (0.103) | |
| FMI | 0.155 | − 0.068 |
| (0.033) | (0.095) | |
| LT | − 0.093 | − 0.249 |
| (0.036) | (0.188) | |
| FMStI (FMStI < 22.899) | 0.446*** | − 0.352 |
| (0.069) | (0.479) | |
| FMStI (FMStI ≥ 22.899) | 0.582*** | − 1.292 |
| (0 0.310) | (0.587) | |
| Sum of Squared Errors | 58.498 | 3.227 |
| R-squared | 0.063 | 0.084 |
*, **, and *** indicate significant at the 10, 5, and 1% levels. Parentheses values are regression SE.