(1)

Consume

(1)

Consume

门槛变量

Income

门槛值

γ₁ = 9.8421, γ₁ = 10.2882

$Inde{x}_{it}·I\left(q\le {\gamma }_1\right)$

0.081^***

Gov

0.323

(0.012)

(0.202)

$Inde{x}_{it}·I\left({\gamma }_1<q\le {\gamma }_2\right)$

0.089^***

Open

−0.167^**

(0.012)

(0.066)

$Inde{x}_{it}·I\left(q>{\gamma }_2\right)$

0.099^***

Pgdp

0.251^***

(0.014)

(0.080)

Gap

−0.027

Inv

0.044^**

(0.085)

(0.020)

Urban

2.039^***

_cons

4.850^***

(0.380)

(0.808)

N

341.000

R²

0.971