Table 6.
Long-run asymmetries (WALD test)
Variables | x2Chi-square [Prob] | Decision |
---|---|---|
GDP(Y) | 47.83*** [0.000] | Yes |
IQ | 267.8***[0.000] | Yes |
FDI | 62.37*** [0.000] | Yes |
FF | 7.082***[0.008] | Yes |
RE | 3.661* [0.056] | Yes |
*Indicates 1% significance level