Table 4.
Chow test and Hausman test
| Proxy of crisis variable | Chow test | Hausman test | |||||
|---|---|---|---|---|---|---|---|
| Cross-section χ2 (statistics) | df | p value | Cross-section random (χ2 statistic) | χ2 | p value | ||
| GDP | 760.4814 | 221.55 | 0 | 75.63885 | 7.35 | 0 | |
| COV | 760.4814 | 221.55 | 0 | 75.63885 | 7.35 | 0 | 0 |
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