Table 10 Results of the threshold effect tests.
Model specification | F statistic | P value | 10% critical value | 5% critical value | 1% critical value |
---|---|---|---|---|---|
Single threshold | 31.910 | 0.002 | 12.788 | 15.928 | 20.665 |
Double threshold | 12.830 | 0.080 | 11.678 | 14.031 | 18.849 |
Triple threshold | 7.210 | 0.532 | 20.362 | 25.984 | 36.636 |