Table 10 Threshold VECM with threshold...

Table 10

Threshold VECM with threshold effect in all (female labor force participation rate)

	Dependent variable: $Δ L U I_{t}$	Dependent variable: $Δ L F P_{t}$
	$EC T_{t - 1} = (Δ LF P_{t - 1} - 18.66 Δ LU I_{t - 1}) \geq - 0.6107$
Constant	−0.0006 (0.005)	−0.014 (0.018)
$EC T_{t - 1}^{H}$	0.0018* (0.0003)*	0.002* (0.001)*
$Δ L F P_{t - 1}^{H}$	−0.01 (0.01)	−0.004 (0.07)
$Δ L F P_{t - 2}^{H}$	−0.009 (0.018)	0.02 (0.07)
$Δ L F P_{t - 3}^{H}$	0.013 (0.016)	0.05 (0.06)
$Δ L U I_{t - 1}^{H}$	0.03 (0.08)	−0.67** (0.24)
$Δ L U I_{t - 2}^{H}$	−0.0006 (0.068)	0.04 (0.17)
$Δ L U I_{t - 3}^{H}$	0.14** (0.05)	0.22 (0.22)
	$EC T_{t - 1} = (Δ LF P_{t - 1} - 18.66 Δ LU I_{t - 1}) < - 0.6107$
Constant	−0.004 (0.004)	0.03** (0.01)
$EC T_{t - 1}^{L}$	−0.0009* (0.0004)*	−0.002 (0.001)*
$Δ L F P_{t - 1}^{L}$	0.001 (0.019)	−0.29** (0.07)
$Δ L F P_{t - 2}^{L}$	0.011 (0.020)	−0.06 (0.07)
$Δ L F P_{t - 3}^{L}$	−0.007 (0.016)	−0.06 (0.06)
$Δ L U I_{t - 1}^{L}$	0.235** (0.080)	0.09 (0.24)
$Δ L U I_{t - 2}^{L}$	0.04 (0.05)	0.01 (0.15)
$Δ L U I_{t - 3}^{L}$	0.16** (0.06)	−0.23 (0.24)

	Dependent variable: $Δ L U I_{t}$	Dependent variable: $Δ L F P_{t}$
	$EC T_{t - 1} = (Δ LF P_{t - 1} - 18.66 Δ LU I_{t - 1}) \geq - 0.6107$
Constant	−0.0006 (0.005)	−0.014 (0.018)
$EC T_{t - 1}^{H}$	0.0018** (0.0003)	0.002** (0.001)
$Δ L F P_{t - 1}^{H}$	−0.01 (0.01)	−0.004 (0.07)
$Δ L F P_{t - 2}^{H}$	−0.009 (0.018)	0.02 (0.07)
$Δ L F P_{t - 3}^{H}$	0.013 (0.016)	0.05 (0.06)
$Δ L U I_{t - 1}^{H}$	0.03 (0.08)	−0.67** (0.24)
$Δ L U I_{t - 2}^{H}$	−0.0006 (0.068)	0.04 (0.17)
$Δ L U I_{t - 3}^{H}$	0.14** (0.05)	0.22 (0.22)
	$EC T_{t - 1} = (Δ LF P_{t - 1} - 18.66 Δ LU I_{t - 1}) < - 0.6107$
Constant	−0.004 (0.004)	0.03** (0.01)
$EC T_{t - 1}^{L}$	−0.0009** (0.0004)	−0.002* (0.001)
$Δ L F P_{t - 1}^{L}$	0.001 (0.019)	−0.29** (0.07)
$Δ L F P_{t - 2}^{L}$	0.011 (0.020)	−0.06 (0.07)
$Δ L F P_{t - 3}^{L}$	−0.007 (0.016)	−0.06 (0.06)
$Δ L U I_{t - 1}^{L}$	0.235** (0.080)	0.09 (0.24)
$Δ L U I_{t - 2}^{L}$	0.04 (0.05)	0.01 (0.15)
$Δ L U I_{t - 3}^{L}$	0.16** (0.06)	−0.23 (0.24)

Note(s): (1) Eicker-White heteroskedasticity consistent standard error, (2) Approximately, 77% of the observations are in Regime 1 and 23% in Regime 2 and (3) * for 1% and ** for 5%

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