| 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 | 0.3876 | < .0001 | 0.9985 | 0.4545 | 0.3642 | < .0001 | 0.9768 | 0.0135 |
Reform | 9.6167 | 0.0020 | 0.6797 | 0.8684 | 8.2714 | 0.0196 | 0.4535 | 0.9528 |
Multivariate Analyses | Â | Â | Â | Â | Â | Â | Â | Â |
1st model | Â | Â | 0.9990 | 0.7540 | Â | Â | 0.9906 | 0.1989 |
Time Trend | 0.4007 | < .0001 | Â | Â | 0.4116 | < .0001 | Â | Â |
plus Reform Years | -0.0386 | 0.0678 | Â | Â | -0.2337 | 0.0090 | Â | Â |
2nd model | Â | Â | 0.9988 | 0.8433 | Â | Â | 0.9937 | 0.1805 |
Time Trend | 0.4012 | < .0001 | Â | Â | 0.5810 | 0.0004 | Â | Â |
plus Reform Years | -0.0391 | 0.1927 | Â | Â | -0.3174 | 0.0030 | Â | Â |
plus GDP per capita | 0.0000 | 0.9792 | Â | Â | -0.0053 | 0.0782 | Â | Â |