Table 8.

Panel quantile regression results

Variables(1)(2)(3)(4)(5)
Q10Q25Q50Q75Q90
EH−0.0006 (−1.31)−0.0007** (−2.20)−0.0008* (−1.66)−0.0010 (−1.02)−0.0012 (−0.84)
lnGDP−0.7043* (−1.66)−0.7755*** (−2.65)−0.8977* (−1.86)−1.0498 (−1.07)−1.1586 (−0.85)
lnGDP20.0159 (1.31)0.0179** (2.13)0.0212 (1.54)0.0254 (0.91)0.0284 (0.73)
lnPD0.0050 (0.18)0.0050 (0.26)0.0050 (0.16)0.0050 (0.08)0.0050 (0.06)
IC0.6598* (1.84)0.7069*** (2.85)0.7880* (1.93)0.8888 (1.07)0.9609 (0.84)
Fin0.0091 (0.48)0.0117 (0.90)0.0161 (0.75)0.0216 (0.50)0.0255 (0.42)
City-fixedYESYESYESYESYES
Year-fixedYESYESYESYESYES
N3,3123,3123,3123,3123,312
Source(s): Created by the authors

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