Table 5

Slope heterogeneity results

Transition economiesG-7 countries
ValueValue
Swamy S24.391*Swamy S73.229*
∆∼901.242*∆∼86.686*
∆∼adj1049.929*∆∼adj100.987*
∆̂5.360**∆̂11.193*
∆̂adj5.011**∆̂adj0.727

Note(s): *indicates 1% significance level. Null hypothesis slope homogeneity

Source(s): The table is created by the authors

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