Two-stage least square regression coefficient matrix: Asian and European region analyses
| Asian region | European region | |||||||
|---|---|---|---|---|---|---|---|---|
| CG | CP | CPBO | CPB | CG | CP | CPBO | CPB | |
| Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | Coefficient (p-value) | |
| CG | – | 3.826*** (0.00) | 3.776*** (0.00) | 3.613*** (0.00) | – | 8.773*** (0.00) | 10.614*** (0.00) | 8.807*** (0.00) |
| CP | 0.261*** (0.00) | – | 0.987*** (0.00) | 0.944*** (0.00) | 0.059*** (0.00) | – | 1.054*** (0.00) | 1.003*** (0.00) |
| CPBO | 0.265*** (0.00) | 1.013*** (0.00) | – | 0.957*** (0.00) | 0.061*** (0.00) | 0.895*** (0.00) | – | 0.897*** (0.00) |
| CPB | 0.277*** (0.00) | 1.059*** (0.00) | 1.045*** (0.00) | – | 0.059*** (0.00) | 0.997*** (0.00) | 1.050*** (0.00) | – |
| Asian region | European region | |||||||
|---|---|---|---|---|---|---|---|---|
| CG | CP | CPBO | CPB | CG | CP | CPBO | CPB | |
| Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | |
| CG | – | 3.826*** (0.00) | 3.776*** (0.00) | 3.613*** (0.00) | – | |||
| CP | 0.261*** (0.00) | – | 0.987*** (0.00) | 0.944*** (0.00) | – | |||
| CPBO | 0.265*** (0.00) | 1.013*** (0.00) | – | 0.957*** (0.00) | – | |||
| CPB | 0.277*** (0.00) | 1.059*** (0.00) | 1.045*** (0.00) | – | – | |||
Note(s): ***statistical significance at the 1% level
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