Table 10 Threshold regression.
Variables | Overall | Low | Medium | High |
|---|---|---|---|---|
PD | − 0.0611* | − 0.0729 | − 0.0230 | − 0.0828 |
(0.0316) | (0.0486) | (0.0507) | (0.0555) | |
OTW | 0.145*** | 0.130** | 0.0823* | 0.209*** |
(0.0292) | (0.0429) | (0.0388) | (0.0530) | |
UIS | 0.137*** | 0.197 | 0.184** | 0.0635 |
(0.0403) | (0.133) | (0.0667) | (0.0482) | |
LUFD | 0.294*** | 0.290** | 0.204*** | 0.267*** |
(0.0463) | (0.110) | (0.0470) | (0.0638) | |
PFEE | 0.00469 | − 0.0603 | 0.0168 | 0.0747 |
(0.0402) | (0.0745) | (0.0629) | (0.0607) | |
NQPF(TI < θ) | − 0.0324 | − 0.00342 | − 0.0846 | − 0.0786 |
(0.0374) | (0.0403) | (0.0584) | (0.0638) | |
NQPF(TI > θ) | 0.122*** | 0.203** | 0.0870* | 0.140** |
(0.0291) | (0.0661) | (0.0421) | (0.0587) | |
Constant | 0.248*** | 0.202*** | 0.290*** | 0.277*** |
(0.0296) | (0.0298) | (0.0534) | (0.0584) | |
Observations | 459 | 119 | 153 | 187 |
R-squared | 0.761 | 0.794 | 0.798 | 0.794 |
Number of id | 27 | 7 | 9 | 11 |
