Table 6.
Tests for threshold effects between GDP and Health indexes.
Single threshold effect test | Double threshold effect test | |||||||
---|---|---|---|---|---|---|---|---|
Threshold value | F-statistics | p-Value | Threshold value | F-statistics | p-Value | |||
BRICS | Model (1) | 0.0647* | 9.3591 | 0.0715 | 0.0647 | 0.0731 | 8.0547 | 0.1532 |
Model (2) | 0.0636* | 8.8915 | 0.0800 | 0.0636 | 0.0726 | 7.3599 | 0.1667 | |
ASEAN | Model (1) | 0.0357** | 12.9810 | 0.0472 | 0.0357 | 0.0445 | 4.9040 | 0.1900 |
Model (2) | 0.0349* | 11.0921 | 0.0589 | 0.0349 | 00491 | 5.2300 | 0.1762 |
, and
, respectively, indicate significance at the 5, and 10% level.