Research Article
Threshold Effect of Financial System on High-Quality Economic Development
Table 9
Parameter estimation results with infrastructure as threshold variable.
| Variable | Linear regression | Threshold regression |
| C | 1.45388 (0.86) | 0.67535 (0.43) | RPC | 0.40301∗∗∗ (0.84) | − | RPC ≤ | — | 0.95535∗∗∗ (6.01) | RPC | — | 0.41434∗∗ (3.31) | ITR | −1.08178 (−1.57) | −0.43531 (−0.69) | PGR | 0.28699∗∗ (2.80) | 0.21791∗ (2.31) | UBR | 7.64281∗ (2.17) | 8.11976∗ (2.52) | IDR | −10.23950∗∗∗ (−5.64) | −9.09859∗∗∗ (−5.46) | F | 2.07 | 2.88 |
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Note. ∗, ∗∗, and ∗∗∗ mean passing the significance test at the level of 10%, 5%, and 1%, respectively, and statistics of t are in brackets.
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