Table 3.
Results of truncated regression
| Variable | Panel | South East Asia | South Asia | East Asia |
|---|---|---|---|---|
| lnTI | 0.0224 (0.017) | − 0.115** (0.0518) | − 0.257*** (0.0416) | − 0.00094** (0.0943) |
| lnTI2 | 0.0015** (0.0081) | 0.0104*** (0.00374) | 0.0112*** (0.00187) | 0.00978*** (0.00402) |
| lnPGDP | − 0.0739** (0.052) | 0.103** (0.0709) | − 1.224** (0.273) | − 0.344*** (0.219) |
| lnPGDP2 | 0.0537** (0.0081) | − 0.0046 (0.00374) | 0.0741*** (0.00187) | 0.0258** (0.00402) |
| lnFDI | 0.0158*** (0.0031) | − 0.0296 (0.0068) | − 0.0194*** (0.0041) | 0.0190*** (0.0078) |
| HC | 0.0291*** (0.0090) | 0.131*** (0.0168) | 0.111*** (0.0126) | 0.0500*** (0.016) |
| lnREC | 0.0441*** (0.0069) | − 0.00686 (0.013) | 0.0592*** (0.0137) | 0.0896*** (0.0134) |
| lnREC*lnTI | 0.0385*** (0.0062) | 0.0173* (0.0096) | 0.0110*** (0.00235) | 0.0523*** (0.0087) |
| Constant | 0.336*** (0.0681) | 0.247 (0.262) | 1.682*** (0.119) | 0.187 (0.521) |
| Obs | 334 | 162 | 111 | 60 |
| Log likelihood | 390.9976 | 201.8988 | 179.0502 | 115.2132 |
| Wald chi2 | 149.31 | 66.25 | 491.18 | 176.61 |
| Prob > chi2 | 0.000 | 0.000 | 0.000 | 0.000 |
Note: aStandard errors in parentheses. b***, **, * signify 1%, 5%, 10% significance