Table 2 Threshold model estimates
Dependent variable: (lnC* it) | ||
|---|---|---|
Single-income threshold model | Double-income threshold model | |
Independent variables | ||
ln P* it | ||
Regime1(GNIit≦US$5418) | −1.315 b (−0.737,-1.893) | −1.227 b(−0.667,-1.787) |
Regime2(GNIit > US$5418) | −0.638 b (−0.427,-0.849) | |
Regime2(US$5418 < GNIit≦US$8385) | −0.829 b (−0.628,-1.030) | |
Regime3(GNIit > US$8385) | −0.503 b (−0.291,-0.715) | |
lnGNI* it | ||
Regime1(GNIit≦US$5418) | 0.332 b (0.596,0.069) | 0.282 b (0.530,0.033) |
Regime2(GNIit > US$5418) | 0.596 b (0.827, 0.366) | |
Regime2(US$5418 < GNIit≦US$8385) | 0.423 b (0.685,0.261) | |
Regime3(GNIit > US$8385) | 0.576 b (0.787,0.336) | |
MP* it | −0.021 b (−0.006,-0.035) | −0.017 b (−0.003,-0.032) |
Rural* it | 1.637 b (3.006,0.269) | 1.616 b (2.830,0.402) |
lnNeiP* it | 0.031 (0.184,-0.122) | −0.057 (0.083,-0.197) |
Observations | 252 | 252 |
Number of country | 28 | 28 |
Sum of square error (SSE) | 0.355 | 0.311 |
Test for one threshold (income threshold) γ1 | 43.66 a (5418) | |
Test for two thresholds (income threshold) γ2 | 36.61 a (6494,32,040) | |