Whole panel | |||||
---|---|---|---|---|---|
OBB-Model | OBM-Model | OBF-Model | |||
Variable | Estimates | Variable | Estimates | Variable | Estimates |
Lag- OBB | 0.817 *** | Lag- OBEM | 0.810 *** | Lag- OBF | 0.819 *** |
GDP | 2.415 *** | GDP | 2.518 *** | GDP | 2.383 *** |
GDP2 | −0.171*** | GDP2 | −0.166*** | GDP2 | −0.164 *** |
FPI | 0.189 *** | FPI | 0.194*** | FPI | 0.187 *** |
URB | −0.164*** | URB | −0.179*** | URB | −0.167 *** |
TRD | 0.054 *** | TRD | 0.070 *** | TRD | 0.051 *** |
OKC hyp | Validated | Validated | Validated | ||
Peak-point level of GDP | 1,166.081 | 1,967.143 | 1,429.734 | ||
AR [2] | −0.351 | −0.218 | −0.394 | ||
F-statistic | 230.35 *** | 378.870 *** | 199.910 *** |