Table 10.

Alternative institutional quality index variance

Year20072008200920102011201220132014201520162017
20071          
2008Test:0.748
p-value: 0.323
1         
2009Test:0.671
p-value: 0.175
Test:0.897
p-value:0.712
1        
2010Test:0.729
p-value:0.281
Test:0.974
p-value: 0.929
Test:1.086
p-value:0.779
1       
2011Test:0.726
p-value: 0.277
Test:0.971
p-value: 0.92
Test:1.082
p-value: 0.788
Test:0.997
p-value: 0.991
1      
2012Test:0.677
p-value: 0.184
Test:0.905
p-value: 0.733
Test:1.008
p-value: 0.978
Test:0.929
p-value: 0.801
Test:0.932
p-value:0.809
1     
2013Test:0.641
p-value: 0.132
Test:0.858
p-value: 0.601
Test:0.956
p-value: 0.877
Test:0.88
p-value: 0.664
Test:0.883
p-value: 0.672
Test:0.948
p-value: 0.856
1    
2014Test:0.597
p-value: 0.08
Test:0.798
p-value: 0.443
Test:0.89
p-value: 0.69
Test:0.819
p-value: 0.498
Test:0.822
p-value: 0.505
Test:0.883
p-value:0.67
Test:0.931
p-value: 0.807
1   
2015Test:0.607
p-value: 0.09
Test:0.811
p-value: 0.476
Test:0.904
p-value: 0.731
Test:0.833
p-value: 0.533
Test:0.835
p-value: 0.54
Test:0.897
p-value: 0.71
Test:0.946
p-value: 0.85
Test:1.016
p-value: 0.956
1  
2016Test:0.586
p-value: 0.07
Test:0.783
p-value: 0.405
Test:0.872
p-value: 0.642
Test:0.804
p-value: 0.456
Test:0.806
p-value: 0.463
Test:0.865
p-value: 0.622
Test:0.913
p-value: 0.756
Test:0.981
p-value: 0.947
Test:0.965
p-value: 0.903
1 
2017Test:0.606
p-value: 0.09
Test:0.811
p-value: 0.475
Test:0.904
p-value: 0.73
Test:0.832
p-value: 0.532
Test:0.835
p-value: 0.539
Test:0.896
p-value: 0.709
Test:0.945
p-value: 0.848
Test:1.016
p-value: 0.958
Test:1
p-value: 0.999
Test:1.036
p-value: 0.905
1
Source: Author's elaboration

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