Variables	Ordinary	Q10	Q25	Q50	Q75	Q90
Variables	Panel Model	Q10	Q25	Q50	Q75	Q90
Intercept	-	−0.4331***	−0.23402***	0.0186	0.2843***	0.4748
Intercept	-	(−8.3727)	(−4.2816)	−0.2381	−4.8085	−18.1812
INCOME	0.2024* (2.0488)	0.5638***	0.7402***	0.89725 ***	0.8715***	0.9412 ***
INCOME	0.2024* (2.0488)	−7.4731	−9.2903	−6.5509	−6.54768	−8.6688
CIR	0.0941	0.2823 **	0.1825	0.1277	0.2584**	0.22680**
CIR	−0.3565	−3.0441	−1.8827	−0.1089	−2.88299	−2.7529
AGDP	0.0229	0.0328	−0.0473	−0.0840*	−0.0473	0.0034
AGDP	−0.3647	−0.5101	(−0.7335)	(−2.1893)	(−0.8290)	−0.0568
GOV	0.0025	−0.0536	−0.06003	−0.0258	0.03388	−0.0041
GOV	−0.0908	(−1.2239)	(−0.58961)	(−0.2940)	−0.2322	(−0.0191)
EDU	0.0061	0.0063	0.01391	0.0251 (0.0528)	0.0377	0.0487
EDU	−1.168	−0.0573	−0.122	0.0251 (0.0528)	−0.6761	−0.5842
OLD	0.0169	0.02430 (0.3978)	0.0066	0.0079	−0.0047	−0.03803 (1.06474 )
OLD	−0.5405	0.02430 (0.3978)	−0.1865	−0.2019	(−0.0983)	−0.03803 (1.06474 )
FOS	−0.0901	0.02401	0.04567	−0.01232	0.02598	0.0615*
FOS	(−1.3124)	−0.5971	−0.8331	(−0.2949)	−0.6121	−2.30102