Model B Credit to private | Model A Credit provided by banking | Model Financial variable | ||
9.57 [0.00] | 6.07 [0.08] | Intercept β0 | ||
−0.005 [0.76] | 0.02 [0.17] | Parameterβ1 | ||
−0.12 [0.01] | −0.08 [0.02] | Parameter | ||
20.36 | 20.33 | Threshold Parameter (c) | ||
6 | 6 | Smooth Parameter (g ) | ||
Control Variables | ||||
0.001 [0.96] | 0.03 [0.4] | Openness to trade | ||
0.9 [0.00] | 0.57 [0.05] | Population growth | ||
−0.04 [0.08] | −0.02 [0.52] | Inflation rate | ||
−0.45 [0.00] | −0.37 [0.00] | Government size | ||
Diagnostic Test Statistics | ||||
0.27 | 0.13 | R-Squared: | ||
1.55 | 1.43 | DW | ||
15,134.91 | 15,439.08 | SSR | ||
0.000 | 0.000 | Prob (F-statistic) | ||