Table 2.
Cross-sectional dependence test results
| Variables | Breusch-Pagan LM | Pesaran scaled LM | Bias-corrected scaled LM | Pesaran CD |
|---|---|---|---|---|
| LNHS | 705.850*** (0.000) | 69.600*** (0.000) | 69.326*** (0.000) | 26.566*** (0.000) |
| LNPUH | 171.068*** (0.000) | 13.289*** (0.000) | 12.955*** (0.000) | −0.888 (0.374) |
| LNPVH | 213.210*** (0.000) | 17.731*** (0.000) | 17.798*** (0.000) | −1.942* (0.052) |
| LNENC | 261.927*** (0.000) | 22.866*** (0.000) | 22.533*** (0.000) | 9.781*** (0.000) |
| LNCO2 | 337.622*** (0.000) | 30.845*** (0.000) | 30.512*** (0.000) | 16.745*** (0.000) |
| LNPERGDP | 640.482*** (0.000) | 62.769*** (0.000) | 62.436*** (0.000) | 25.257*** (0.000) |
| LNSAN | 714.776*** (0.000) | 70.601*** (0.000) | 70.267*** (0.000) | 16.056*** (0.000) |
Note: ***, **, and * denote significance level at 1, 5 and 10%, respectively. Figures in the parentheses are probabilities