| 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 | -0.1705 | < .0001 | 0.9930 | 0.4811 | -0.1471 | < .0001 | 0.8923 | 0.0259 |
Reform | -4.3358 | 0.0012 | 0.7164 | 0.8452 | -2.9795 | 0.0586 | 0.3000 | 0.9589 |
Multivariate Analyses | Â | Â | Â | Â | Â | Â | Â | Â |
1st model | Â | Â | 0.9923 | 0.1140 | Â | Â | 0.9599 | 0.2800 |
Time Trend | -0.1747 | < .0001 | Â | Â | -0.1908 | < .0001 | Â | Â |
plus Reform Years | 0.0126 | 0.5820 | Â | Â | 0.2159 | 0.0066 | Â | Â |
2nd model | Â | Â | 0.9942 | 0.1891 | Â | Â | 0.9808 | 0.1314 |
Time Trend | -0.2115 | < .0001 | Â | Â | -0.3634 | 0.0009 | Â | Â |
plus Reform Years | 0.0452 | 0.1356 | Â | Â | 0.3011 | 0.0008 | Â | Â |
plus GDP per capita | 0.0005 | 0.1214 | Â | Â | 0.0054 | 0.0262 | Â | Â |