Table 5.

AMG and MM-QR

Variables	1.1a		1.2b	1.2c		1.2d
	AMG		MM-qtile_25	MM-qtile_50	MM-qtile_75
LnTR	− 0.024**		− 0.093*	− 0.073*	− 0.090*
	(0.018)		(0.013)	(0.009)	(0.011)
	[− 0.060]		[− 0.120]	[− 0.091]	[− 0.113]
LnRGDP	0.021*		0.457*	0.443*	0.527*
	(0.240)		(0.030)	(0.021)	(0.027)
	[0.468]		[0.517]	[0.485]	[0.580]
LnRGDP2	− 0.734*		− 0.135*	− 0.1473***	− 0.1595***
	(0.284)		(0.014)	(0.0123)	(0.0137)
	[− 2.582]		[− 9.692]	[− 11.932]	[− 11.633]
FDI	0.039***		0.019**	0.010**	0.009**
	(0.088)		(0.088)	(0.006)	(0.007)
	[0.021]		[0.036]	[0.002]	[0.002]
LnDC	0.032**		0.332*	0.173*	0.149*
	(0.043)		(0.051)	(0.035)	(0.045)
	[− 0.052]		[0.230]	[0.103]	[0.060]
Constant	− 0.252***		3.686*	3.978*	5.357*
	(1.717)		(0.256)	(0.176)	(0.225)
	[− 3.619]		[3.181]	[3.631]	[4.913]
Observations	308		308	308	308
Number of ID	14	14		14	14

Standard errors in (); t-statistics in []; * < 0.01, ** < 0.05, *** < 0.10