Does Financial Development Hamper or Improve the Resource Curse? Analysis Based on the Panel Threshold Effect Model

Table 3

Threshold estimation regression results.

Variable	Coefficient	value
res (fin < 2.431)	0.027	0.002
res (2.431 < fin ≤ 2.445	−0.018	0.001
res (2.445 < fin ≤ 2.625)	0.033	0.000
res (fin > 2.625)	−0.019	0.334
inv	0.088	0.238
edu	0.012	0.004
tech	0.134	0.001
cor	−0.223	0.000
open	0.033	0.349

Note. Significant under 1% condition.