The Results of Cross-Sectional Tests
| Variables | CD Test | CDlm1 (BP, 1980) | CDlm2 (Pesaran, 2004) | CD (Pesaran, 2004) | LMadj (Pesaran et al., 2008) |
|---|---|---|---|---|---|
| GTI | T statistics | 128.4869 | 8.8005 | -0.4280 | 8.5374 |
| Probability | 0.0000* | 0.0000* | 0.0000* | 0.0000* |
| Variables | CD Test | CDlm1 ( | CDlm2 ( | CD ( | LMadj ( |
|---|---|---|---|---|---|
| GTI | T statistics | 128.4869 | 8.8005 | -0.4280 | 8.5374 |
| Probability | 0.0000* | 0.0000* | 0.0000* | 0.0000* |
Note: *, **, and *** indicate cross-sectional dependency at 1%, 5%, and 10% significance levels, respectively.
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