Table 4.
Test for threshold.
| Sample | Threshold | F stat | Prob | BS-times | Crit10 | Crit5 | Crit1 |
|---|---|---|---|---|---|---|---|
| Total | Single | 19.43** | 0.0367 | 300 | 14.0310 | 18.0702 | 24.3904 |
| Double | 9.69 | 0.2567 | 300 | 12.6030 | 14.4191 | 20.9214 | |
| Economy_H | Single | 10.13 | 0.2200 | 300 | 14.7126 | 17.5901 | 20.4692 |
| Double | 6.28 | 0.4000 | 300 | 20.0324 | 26.6414 | 43.3569 | |
| Economy_L | Single | 22.09** | 0.0433 | 300 | 17.4114 | 21.5934 | 31.3317 |
| Double | 6.92 | 0.3633 | 300 | 11.3052 | 13.6619 | 18.1307 | |
| Eeconomy_H | Single | 12.57* | 0.0733 | 300 | 11.3406 | 14.0740 | 16.2549 |
| Double | 43.32* | 0.0800 | 300 | 36.3008 | 49.4610 | 76.0435 | |
| Triple | 3.75 | 0.8633 | 300 | 112.9832 | 140.1987 | 204.1399 | |
| Eeconomy_L | Single | 9.07 | 0.3167 | 300 | 13.9155 | 15.7342 | 21.3082 |
| Double | 10.82 | 0.2167 | 300 | 13.8122 | 19.6841 | 30.6827 |
***, **, and *, respectively, indicates significance at the 1, 5, and 10% level.