Fixed effect

Double threshold regression

Threshold variable

idc

idc

idh

idh

VARIABLES

lnavegdp

lnavegdp

lnavegdp

lnavegdp

lnavegdp

lnavegdp

indjj

0.202***

(0.0625)

secjj

0.269***

(0.0745)

lnfeinvest

1.528***

1.542***

1.602***

1.631***

1.651***

1.700***

(0.112)

(0.111)

(0.0989)

(0.0980)

(0.100)

(0.0991)

lnhu

0.473***

0.464***

0.479***

0.462***

0.571***

0.534***

(0.0980)

(0.0976)

(0.0869)

(0.0864)

(0.0880)

(0.0867)

lnpatent1

0.251***

0.248***

0.204***

0.198***

0.207***

0.199***

(0.0120)

(0.0121)

(0.0115)

(0.0116)

(0.0115)

(0.0116)

exp1per

0.00326

−0.0141

0.0378

0.00757

0.0226

−0.0281

(0.0406)

(0.0416)

(0.0383)

(0.0387)

(0.0365)

(0.0371)

govper

0.126

0.0966

0.247

0.188

0.149

0.0642

(0.184)

(0.182)

(0.161)

(0.159)

(0.164)

(0.161)

0b._cat#c.indjj

0.245***

0.387***

(0.0551)

(0.0584)

1._cat#c.indjj

0.363***

0.465***

(0.0567)

(0.0618)

2._cat#c.indjj

0.514***

0.599***

(0.0628)

(0.0676)

0b._cat#c.secjj

0.338***

0.526***

(0.0657)

(0.0699)

1._cat#c.secjj

0.452***

0.611***

(0.0671)

(0.0739)

2._cat#c.secjj

0.606***

0.746***

(0.0731)

(0.0796)

Constant

−3.995***

−4.129***

−4.253***

−4.503***

−4.724***

−5.158***

(0.774)

(0.769)

(0.681)

(0.675)

(0.691)

(0.684)

Observations

420

420

420

420

420

420

R-squared

0.951

0.951

0.963

0.963

0.962

0.962

Number of id

30

30

30

30

30

30