Table 9.
Robustness check_ estimated coefficients.
| Total | Economy_l | Eeconomy_H | |||
|---|---|---|---|---|---|
| ln_inrate (oldrate < 9.9971) | −1.013*** (0.255) | ln_inrate (9.5746 < oldrate) | −0.522 (0.440) | ln_inrate (oldrate < 7.6932) | −1.113*** (0.214) |
| ln_inrate (9.9971 < * < 11.152) | −0.859*** (0.246) | ln_inrate (oldrate < 9.5746) | −0.247 (0.451) | ln_inrate (7.6932 < * < 11.9945) | −0.924*** (0.233) |
| ln_inrate (oldrate > 11.152) | −0.713** (0.255) | ln_inrate (11.9945 < oldrate) | −1.133*** (0.209) | ||
| ln_govinc | −0.501** (0.180) | ln_govinc | −1.488** (0.451) | ln_govinc | −0.170 (0.124) |
| ln_govoutc | −0.659 (0.574) | ln_govoutc | 0.137 (0.984) | ln_govoutc | 0.716 (0.488) |
| ln_yedu | 0.099 (1.839) | ln_yedu | 0.922 (2.638) | ln_yedu | 4.490** (1.538) |
| ln_labinc | 0.934 (0.614) | ln_labinc | −0.829 (1.084) | ln_labinc | −0.135 (0.506) |
| ln_imaex | −0.167 (0.183) | ln_imaex | 0.395 (0.294) | ln_imaex | −0.683*** (0.165) |
| Constant | 18.952*** (5.052) | Constant | 24.589** (8.247) | Constant | −0.457 (4.035) |
| R-squared | 0.439 | R-squared | 0.517 | R-squared | 0.550 |
| N | 510 | N | 255 | N | 255 |
***, **, and *, respectively, indicates significance at the 1, 5, and 10% level. Standard error in parentheses.