Variables | PSCC-OLS | PSCC-FE | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Quadratic Models | Moderation Models | Quadratic Models | Moderation Models | |||||||||
lnMAT [1] | LnCHD [2] | lnLEX [3] | lnMAT [4] | lnCHD [5] | lnLEX [6] | lnMAT [7] | lnCHD [8] | lnLEX [9] | lnMAT [10] | lnCHD [11] | lnLEX [12] | |
LnHEXPC | 0.708*** (8.702) | 0.175*** (3.084) | −0.0594** (− 2.312) | 0.307*** (7.641) | 0.126*** (8.440) | − 0.0604*** (− 5.219) | − 0.280*** (− 6.173) | −0.172*** (− 3.447) | 0.0350** (2.133) | − 0.162*** (− 5.947) | −0.0914** (− 2.432) | 0.00148 (0.116) |
LnEDU | 0.189** (2.359) | −0.579*** (− 12.86) | 0.109*** (7.275) | 2.938*** (18.62) | 0.626*** (5.407) | −0.282*** (−6.116) | − 0.463*** (− 5.533) | −0.842*** (− 10.28) | 0.0569** (2.631) | − 1.787*** (− 7.528) | − 1.288*** (− 5.522) | 0.0315 (0.280) |
LnICT | − 0.298*** (− 10.92) | − 0.164*** (− 7.747) | 0.0371*** (6.771) | − 0.357*** (− 10.82) | −0.199*** (− 9.444) | 0.0494*** (8.728) | − 0.0702*** (− 7.849) | −0.00831 (− 0.956) | 0.00898*** (3.234) | − 0.0483*** (− 5.963) | − 0.00317 (− 0.270) | 0.0114** (2.450) |
LnHCON | 0.0937** (2.308) | − 0.425*** (− 12.78) | − 0.0169** (− 2.472) | 0.0237 (0.619) | − 0.456*** (− 12.29) | −0.00660 (− 1.123) | −0.0220 (− 0.380) | −0.0324 (− 1.122) | 0.00852 (0.785) | − 0.0400 (− 0.649) | −0.0354 (− 1.169) | 0.00540 (0.495) |
LnHIV | 0.0998*** (11.57) | 0.131*** (19.45) | −0.0534*** (− 10.95) | 0.0739*** (7.747) | 0.127*** (20.69) | −0.0528*** (− 11.56) | − 0.166*** (− 5.990) | 0.00154 (0.208) | 0.0179 (1.208) | − 0.173*** (− 5.560) | 0.00952 (1.523) | 0.00862 (0.640) |
LnTFP | − 0.0707 (− 0.915) | −0.0406 (− 1.632) | −0.00554 (− 0.395) | −0.0188 (− 0.327) | −0.0108 (− 0.499) | −0.0161 (− 1.334) | 0.0579 (1.257) | − 0.0165 (− 1.113) | −0.0130 (− 0.846) | 0.0565 (1.257) | −0.0228 (− 1.665) | −0.00790 (− 0.519) |
LnHEXPCSQ | − 0.112*** (− 13.59) | −0.0321*** (− 5.304) | 0.00814*** (3.198) | 0.0405*** (6.207) | 0.0197*** (3.643) | −0.00455* (− 1.830) | ||||||
lnHEXPC*lnEDU | −0.737*** (− 20.84) | − 0.310*** (− 16.13) | 0.0988*** (9.237) | 0.280*** (7.285) | 0.0933** (2.560) | 0.00621 (0.299) | ||||||
Threshold | 3.16 | 2.73 | 3.65 | 0.42 | 0.41 | 0.61 | 3.46 | 4.37 | 3.85 | 0.58 | 0.98 | NA |
Constant | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Year Dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 |
R-squared | 0.644 | 0.584 | 0.643 | 0.679 | 0.610 | 0.683 | ||||||
Countries | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
F-Statistic | 5201 | 10,942 | 7154 | 771.5 | 1312 | 812.7 | 784.2 | 1244 | 665.7 | 58.55 | 199.2 | 35.90 |