Table 10

Wald tests for the quantile equality of slopes

Variable0.25 vs. 0.500.25 vs. 0.95
ΔGDP0.149 (0.187)−0.287 (0.187)
ΔFS0.319*** (0.098)−0.786*** (0.098)
ΔTOP−1.352 (0.218)2.762 (0.218)
ΔPS−0.089 (0.341)0.110 (0.341)

Note(s): *, **, and *** represents significance level at 1, 5 and 10%, respectively. While the p-value in the parentheses

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