Table 4.
F Bound test
| Value | Significance | I (0) | I (1) | |
|---|---|---|---|---|
| F statistic | 3.605546 | 10% | 1.99 | 2.94 |
| K | 6 | 5% | 2.27 | 3.28 |
| 2.5% | 2.55 | 3.61 | ||
| 1% | 2.88 | 3.99 |
Source: Author’s calculation
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