| 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 | -0.1099 | < .0001 | 0.8874 | 0.0835 | -0.1031 | 0.0005 | 0.7728 | 0.0356 |
Reform | -2.5392 | 0.0129 | 0.5043 | 0.9988 | -1.8062 | 0.1415 | 0.1557 | 0.9928 |
Multivariate Analyses | Â | Â | Â | Â | Â | Â | Â | Â |
1st model | Â | Â | 0.9725 | 0.8765 | Â | Â | 0.9012 | 0.4298 |
Time Trend | -0.1578 | < .0001 | Â | Â | -0.1484 | < .0001 | Â | Â |
plus Reform Years | 0.1424 | 0.0014 | Â | Â | 0.2242 | 0.0118 | Â | Â |
2nd model | Â | Â | 0.9871 | 0.6003 | Â | Â | 0.8868 | 0.5130 |
Time Trend | -0.0963 | 0.0046 | Â | Â | -0.1838 | 0.1406 | Â | Â |
plus Reform Years | 0.0877 | 0.0161 | Â | Â | 0.2416 | 0.0341 | Â | Â |
plus GDP per capita | -0.0008 | 0.0242 | Â | Â | 0.0011 | 0.7511 | Â | Â |