Table 4 Estimation results of panel analysis among the three geographical locations.
From: Urbanization and the excess mortgage risk – an optimal mortgage model
Variables | Eastern region | Central region | Western region | |||
|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
pit | \({\left(\frac{{EK}}{Y}\right)}_{{it}}\) | pit | \({\left(\frac{{EK}}{Y}\right)}_{{it}}\) | pit | \({\left(\frac{{EK}}{Y}\right)}_{{it}}\) | |
Urbanizationit | 1.1917*** (0.1852) | 0.3925** (0.1745) | 0.7716** (0.3084) | 0.5223*** (0.1501) | 1.4565*** (0.3533) | 0.0560 (0.3719) |
pit | 0.4610** (0.1973) | 1.5746*** (0.5280) | 0.3053 (0.2105) | |||
iit | −0.0991*** (0.0072) | −0.2122*** (0.0735) | −0.0959*** (0.0112) | 0.1878** (0.0772) | −0.0711*** (0.0087) | −0.0463 (0.1395) |
hit | 0.0293* (0.0168) | 0.0830 (0.0562) | −0.0504** (0.0201) | 0.4539*** (0.1225) | −0.0326 (0.0261) | 0.1218 (0.0892) |
rpit | 0.5442*** (0.0278) | −0.5036*** (0.1594) | 0.5862*** (0.0292) | −1.4392** (0.5855) | 0.4774*** (0.0379) | −0.3823*** (0.1397) |
Const. | 4.5905*** (0.1525) | 0.9634 (0.7978) | 4.4484*** (0.1117) | −4.0669*** (1.1136) | 4.7483*** (0.0877) | 0.5305 (2.1795) |
R2 | 0.9571 | 0.2921 | 0.9442 | 0.6249 | 0.8921 | 0.3365 |
Observations | 1560 | 1560 | 1092 | 1092 | 1248 | 1248 |
No. of provinces | 10 | 10 | 7 | 7 | 8 | 8 |
