Table 8.
Test Variable | Threshold Variable | ||
---|---|---|---|
rd | ci | is | |
rd | 0.1508 *** | 0.0421 | |
(4.2) | (1.0580) | ||
ci | 0.0828 *** | 0.0425 *** | |
(9.0002) | (3.7754) | ||
cp | 2.2352 *** | 3.1529 *** | 2.8878 *** |
(7.1197) | (7.71) | (7.9001) | |
is | 0.3458 *** | 0.1146 * | |
(6.5569) | (1.94) | ||
fi_1 | −0.1935 *** | −0.1030 *** | −0.1314 *** |
(−3.7922) | (−5.02) | (−5.6903) | |
fi_2 | −0.0259 ** | −0.0499 *** | −0.0692 *** |
(−2.6259) | (−4.1) | (−6.5933) | |
fi_3 | −0.0467 *** | ||
(−4.1177) | |||
cons | 7.8670 *** | 8.3324 *** | 8.580 *** |
(43.16) | (40.51) | (55.65) | |
R2 | 0.7808 | 0.6406 | 0.751 |
Note: () is T-test statistic; ***, **, * are significant at 1%, 5% and 10% significance levels, respectively.