Heteroskedasticity and serial correlation in residuals
| Tests | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | Model 6 |
|---|---|---|---|---|---|---|
| Breusch–Pagan/Cook–Weisberg test | 6.42** | 116.16*** | 22.31*** | 78.89*** | 5.56** | 43.74*** |
| Wooldridge test | 50.98*** | 19.20*** | 27.29*** | 20.76*** | 33.18*** | 64.68*** |
| Tests | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | Model 6 |
|---|---|---|---|---|---|---|
| Breusch–Pagan/Cook–Weisberg test | 6.42** | 116.16*** | 22.31*** | 78.89*** | 5.56** | 43.74*** |
| Wooldridge test | 50.98*** | 19.20*** | 27.29*** | 20.76*** | 33.18*** | 64.68*** |
Note(s): *** and ** indicate significant at 1 and 5% level, respectively
Source(s): Authors' compilation
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