Table VIII. Results of threshold... | Emerald Publishing

Table VIII.

Results of threshold regression with two regions with γ₁ (number of firms), γ₂ (amount of chartered capital)

Y₁ = PERNUM	Coef	Y₂ = PERCAP	Coef
Region 1		Region 1
L1.PERNUM	−4.055946*** [0.6895654]	L1.PERCAP	−0.1062225* [0.0612877]
ENT	1.019179*** [0.242405]	ENT	0.0763683 [0.0824977]
NB	2.179222*** [0.2884519]	NB	0.029928 [0.0871885]
D1.ENTVN	−1.177853*** [0.2671696]	D1.ENTVN	−0.1658348 [0.1543781]
SU	−2.354959*** [0.2797288]	SU	0.0066573 [0.0903958]
Cons	−0.3830465 [0.249589]	Cons	0.088861 [0.0841756]
Region 2		Region 2
L1.PERNUM	0.0416155 [0.0566236]	L1.PERCAP	2.347929 [0.8533764]
ENT	0.0137247 [0.0567305]	ENT	2.631785*** [0.4544781]
NB	0.0189777 [0.0574766]	NB	0.1080512 [0.2463264]
D1.ENTVN	0.0199506 [0.1165031]	d1.ENTVN	0.4319265 [0.6552301]
SU	−0.0207872 [0.0620641]	SU	−2.532224*** [0.3597332]
Cons	0.0602966 [0.0569238]	Cons	2.675673*** [0.317829]
Order 1 – Threshold	1,602	Order 1 – Threshold	35,010
Sum of Squared Residuals	52.9929	Sum of Squared Residuals	114.8411

Y₁ = PERNUM	Coef	Y₂ = PERCAP	Coef
Region 1		Region 1
L1.PERNUM	−4.055946*** [0.6895654]	L1.PERCAP	−0.1062225* [0.0612877]
ENT	1.019179*** [0.242405]	ENT	0.0763683 [0.0824977]
NB	2.179222*** [0.2884519]	NB	0.029928 [0.0871885]
D1.ENTVN	−1.177853*** [0.2671696]	D1.ENTVN	−0.1658348 [0.1543781]
SU	−2.354959*** [0.2797288]	SU	0.0066573 [0.0903958]
Cons	−0.3830465 [0.249589]	Cons	0.088861 [0.0841756]
Region 2		Region 2
L1.PERNUM	0.0416155 [0.0566236]	L1.PERCAP	2.347929 [0.8533764]
ENT	0.0137247 [0.0567305]	ENT	2.631785*** [0.4544781]
NB	0.0189777 [0.0574766]	NB	0.1080512 [0.2463264]
D1.ENTVN	0.0199506 [0.1165031]	d1.ENTVN	0.4319265 [0.6552301]
SU	−0.0207872 [0.0620641]	SU	−2.532224*** [0.3597332]
Cons	0.0602966 [0.0569238]	Cons	2.675673*** [0.317829]
Order 1 – Threshold	1,602	Order 1 – Threshold	35,010
Sum of Squared Residuals	52.9929	Sum of Squared Residuals	114.8411

Note:

*, ** and *** significant at 10%, 5% and 1% levels, respectively