Table 3.
Index | Value | p-value | Index | Value | p-value |
---|---|---|---|---|---|
LM-lag | 620.069*** | 0.000 | LM-error | 706.894*** | 0.000 |
Robust LM-lag | 4.105** | 0.043 | Robust LM-error | 90.929*** | 0.000 |
LR-lag | 22.53*** | 0.002 | LR-error | 23.74*** | 0.001 |
WALD-SAR | 22.55*** | 0.002 | WALD-SEM | 23.69*** | 0.001 |
Hausman | 5.32*** | 0.005 |
**Significance at 5% level; ***significance at 1% level