Table 3

Multiple breakpoint partition of TA

mTA
BIC (104)RSS (1012)
03,01917,970
12,8413,752
22,7952,473
32,7862,258
42,7852,220
52,7842,173
6*2,784*2,140*
72,7862,149
82,7912,220
92,8092,570

Note(s): *Indicates optimal number of breakpoint

Source(s): Personal elaboration on Datastream (2021) 

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