| Brazil | Colombia | ||||||
---|---|---|---|---|---|---|---|---|
 | Parameter Estimate | p-value | Adjusted R2 | Predictive Chow | Parameter Estimate | p-value | Adjusted R2 | Predictive Chow |
Bivariate Analyses | Â | Â | Â | Â | Â | Â | Â | Â |
Time Trend | -0.1686 | < .0001 | 0.9375 | 0.0434 | -0.1618 | < .0001 | 0.8797 | 0.0193 |
Reform | -4.0108 | 0.0067 | 0.6217 | 0.9872 | -3.2081 | 0.0680 | 0.2770 | 0.9701 |
Multivariate Analyses | Â | Â | Â | Â | Â | Â | Â | Â |
1st model | Â | Â | 0.9895 | 0.9620 | Â | Â | 0.9567 | 0.3734 |
Time Trend | -0.2244 | < .0001 | Â | Â | -0.2134 | < .0001 | Â | Â |
plus Reform Years | 0.1655 | 0.0004 | Â | Â | 0.2545 | 0.0059 | Â | Â |
2nd model | Â | Â | 0.9882 | 0.9818 | Â | Â | 0.9576 | 0.5652 |
Time Trend | -0.2107 | 0.0005 | Â | Â | -0.3174 | 0.0180 | Â | Â |
plus Reform Years | 0.1533 | 0.0068 | Â | Â | 0.3059 | 0.0089 | Â | Â |
plus GDP per capita | -0.0002 | 0.6577 | Â | Â | 0.0032 | 0.3240 | Â | Â |