Table 8 Financial development threshold value test of eastern and non-eastern region
Sample | Threshold variable | Threshold number | F-statistics | Prob | Threshold value [Confidence interval] | Critical value (F test) | ||
|---|---|---|---|---|---|---|---|---|
10% | 5% | 1% | ||||||
Eastern | FDb | Single | 39.52*** | 0.000 | 0.7834 [0.7763 0.7857] | 12.449 | 13.709 | 17.419 |
Double | 335.91*** | 0.000 | 0.9202 [0.9157 0.9313] | 11.819 | 13.269 | 17.924 | ||
FDc | Single | 464.98*** | 0.000 | 0.2297 [0.2248 0.2419] | 11.612 | 14.954 | 21.474 | |
Double | 18.90*** | 0.003 | 1.4850 [1.4414 1.5002] | 11.915 | 13.966 | 17.109 | ||
Non-eastern | FDb | Single | 8.35* | 0.060 | 0.7346 [0.7292 0.7612] | 7.503 | 8.576 | 13.682 |
Double | 22.76*** | 0.000 | 0.8582 [0.8158 0.8857] | 9.201 | 11.283 | 13.900 | ||
FDc | – |  |  |  |  |  |  | |