Table 4 Dynamic panel threshold (PTR)...

Table 4

Dynamic panel threshold (PTR) regression results

	Model with
	Entry barrier index	Capital regulation index
Threshold estimates and confidence intervals
Threshold estimates	62.8%	76.5%
95% confidence interval	[49.9–62.8]	[40.0–79.8]
Impact of bank regulation
${\hat{β}}_{1}$	0.52* (0.29)	−0.08 (0.12)
${\hat{β}}_{2}$	−2.70*** (0.27)	0.79 (0.57)
Impact of covariates
Initial	−0.01 (0.06)	0.02 (0.05)
Supervisory power $(S)$	−0.33*** (0.11)	−0.32*** (0.11)
Real GDP $(Y)$	0.86*** (0.24)	0.82*** (0.21)
Inflation $(π)$	0.16*** (0.05)	0.14*** (0.05)
Current account/GDP $(C)$	−0.01 (0.005)	−0.01 (0.01)
Countries	23	23
Observations	161	161

	Model with
	Entry barrier index	Capital regulation index
Threshold estimates and confidence intervals
Threshold estimates	62.8%	76.5%
95% confidence interval	[49.9–62.8]	[40.0–79.8]
Impact of bank regulation
${\hat{β}}_{1}$	0.52* (0.29)	−0.08 (0.12)
${\hat{β}}_{2}$	−2.70*** (0.27)	0.79 (0.57)
Impact of covariates
Initial	−0.01 (0.06)	0.02 (0.05)
Supervisory power $(S)$	−0.33*** (0.11)	−0.32*** (0.11)
Real GDP $(Y)$	0.86*** (0.24)	0.82*** (0.21)
Inflation $(π)$	0.16*** (0.05)	0.14*** (0.05)
Current account/GDP $(C)$	−0.01 (0.005)	−0.01 (0.01)
Countries	23	23
Observations	161	161

Note(s): The sample is based on averaged data over 3-year non-overlapping periods from 1997 to 2017; The dependent variable is bank credit/GDP $(L)$ ⁠; Standard errors are in parenthesis; ***, ** and * indicate statistical significance at the 1, 5 and 10% levels, respectively

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