Table 7.
SEM models’ results for Wald tests, EU-CEECs-11, 2000–2018.
Source: Authors’ contribution in Stata 16
| Variables | SEM 1 | SEM 2 | SEM 3 | SEM 4 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chi2 | df | p value | Chi2 | df | p value | Chi2 | df | p value | Chi2 | df | p value | |
| Log_GCI | 92.89 | 5 | 0.000 | 139.08 | 5 | 0.000 | 140.13 | 5 | 0.000 | 140.15 | 5 | 0.000 |
| Log_GDP_cap | 32.08 | 1 | 0.000 | 133.30 | 1 | 0.000 | 131.62 | 1 | 0.000 | 131.60 | 1 | 0.000 |
| Log_PGH | 5.85 | 1 | 0.015 | 6.99 | 1 | 0.016 | 12.50 | 2 | 0.001 | 11.79 | 1 | 0.000 |
H0: All coefficients excluding the intercepts are 0
We can therefore reject the null hypothesis (H0) for each equation, with limitations on PGH