Table 3 Preliminary tests Jarque-bera... | Emerald Publishing

Table 3

Preliminary tests

	Jarque-bera		Durbin Wu-Hausman		Slope heterogeneity		Woolridge		Breusch-Pagan
	Adj χ²(2)	Prob > χ²	Eq. (2)	Eq. (3)	Eq. (2)	Eq. (3)	Eq. (2)	Eq. (3)	Eq.(2)	Eq. (3)
ecf	29.82	0.0000
sdi	33.50	0.0000
fin	40.84	0.0000	0.0136	0.0021
nrr	71.26	0.0000	0.0413	3.8238*
urb	19.21	0.0001	0.7561	8.5730***
une	15.99	0.0003	6.2245**	0.1483
gdp	10.13	0.0063	3.0241*	0.2025
rne	54.11	0.0000	0.4753	1.4867
$Δ$					2.805***	7.903***	4.652*	7.844**	77.01 ***	30.48 ***
Adj $Δ$					3.548***	9.997***			77.01 ***	30.48 ***

	Jarque-bera		Durbin Wu-Hausman		Slope heterogeneity		Woolridge		Breusch-Pagan
	Adj χ²(2)	Prob > χ²	Eq. (2)	Eq. (3)	Eq. (2)	Eq. (3)	Eq. (2)	Eq. (3)	Eq.(2)	Eq. (3)
ecf	29.82	0.0000
sdi	33.50	0.0000
fin	40.84	0.0000	0.0136	0.0021
nrr	71.26	0.0000	0.0413	3.8238*
urb	19.21	0.0001	0.7561	8.5730***
une	15.99	0.0003	6.2245**	0.1483
gdp	10.13	0.0063	3.0241*	0.2025
rne	54.11	0.0000	0.4753	1.4867
$Δ$					2.805***	7.903***	4.652*	7.844**	77.01***	30.48***
Adj $Δ$					3.548***	9.997***			77.01***	30.48***

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1