Table 5.

Quantile regression analysis

Variables	0.1	0.25	0.5	0.5	0.9	OLS
FOR	0.0765***	0.0654***	0.0354***	0.0352***	0.0346***	0.066***
	−0.001	−0.01	−0.003	−0.002	−0.002	−0.002
INF	0.02***	0.0166***	0.0136***	0.0133***	0.02***	0.0138***
	−0.0056	−0.045	−0.035	−0.036	−0.0056	−0.035
GINI	0.430***	0.441***	0.421***	0.425***	0.430***	0.421***
	−0.0401	−0.0402	−0.0201	−0.0212	−0.0401	−0.0201
INS	−3.24e−05***	0.045***	0.045***	0.048***	−3.34	0.045***
	−2.26E−03	−4.54E−02	−2.00E−03	−2.00E−02	−2.26E−03	−3.00E−03
GDPG	0.024***	0.323***	0.665***	0.611***	0.024***	0.335***
	−0.012	−0.002	−0.001	−0.002	−0.012	−0.001
PCI	0.0276***	0.00897***	0.0586***	0.0586***	0.0276***	0.0586***
	−1.98E−02	−1.54E−02	−1.10E−02	−1.10E−02	−1.98E−02	−1.10E−02
Constant	−5.002	−5.021	−3.021	−3.001	−5.002	−3.021
	−0.552	−0.232	−0.235	−0.268	−0.567	−0.256
Observations	472	472	472	472	472	472