Table 7.

Robustness of results using panel VECM results for the growth function

Dependent variables		F-statistics								T-statistics
λ1		λ2	λ3	λ4	λ5	λ6	λ7	λ8	λ9	ECT (− 1)
λ1	-	3.17*	2.64*	1.16*	2.45*	2.77*	3.19*	3.07*	3.70*	0.014 (0.000)*
λ2	0.025*	-	0.78*	1.19*	1.50*	1.67*	1.90*	1.50*	1.01*	0.018 (0.000)*
λ3	0.017*	0.029*	-	0.44*	0.35*	0.31*	0.10*	0.23*	0.05*	0.025 (0.000)*
λ4	0.027*	0.036*	0.047*	-	0.49*	0.34*	0.218	0.16*	0.16*	0.037 (0.000)*
λ5	0.023*	0.041*	2.054*	4.037*	-	0.21*	0.01*	0.14*	0.23*	0.021 (0.000)*
λ6	0.034*	1.038*	1.190*	1.275*	2.67*	-	0.11*	0.04*	0.06*	0.014 (0.000)*
λ7	0.030*	1.054*	2.01*	2.55*	2.69*	2.88*	-	0.09*	0.01*	0.037 (0.000)*
λ8	0.017*	0.54*	0.67*	14.63*	17.01*	12.99*	15.04*	-	1.73*	0.044 (0.000)*
λ9	0.011*	0.027*	0.030*	1.45*	1.50*	1.71*	3.63*	4.44*	-	0.005 (0.000)*