Table 8 Ender-Siklos test Test...

Table 8

Ender-Siklos test

	Test statistics	Lags	Threshold
Aggregate unemployment insurance spending and labor force participation rate
CI	3.67	0	6.70
	4.44	1	6.70
	7.13	4	10.61
$Δ C I$	4.26	0	−0.5440
	7.28**	1	−0.5440
	10.89**	4	−0.5440
Aggregate unemployment insurance spending and labor force participation rate male
CI	2.19	0	9.01
	2.63	1	9.01
	4.24	4	9.01
$Δ C I$	5.52	0	−0.8230
	7.44**	1	−0.6381
	10.25**	4	−0.8230
Aggregate unemployment insurance spending and labor force participation rate female
CI	5.94	0	8.89
	6.69	1	8.89
	9.71**	4	8.89
$Δ C I$	3.90	0	0.7095
	4.49	1	−0.6107
	7.74**	4	−0.6107

	Test statistics	Lags	Threshold
Aggregate unemployment insurance spending and labor force participation rate
CI	3.67	0	6.70
	4.44	1	6.70
	7.13	4	10.61
$Δ C I$	4.26	0	−0.5440
	7.28**	1	−0.5440
	10.89**	4	−0.5440
Aggregate unemployment insurance spending and labor force participation rate male
CI	2.19	0	9.01
	2.63	1	9.01
	4.24	4	9.01
$Δ C I$	5.52	0	−0.8230
	7.44**	1	−0.6381
	10.25**	4	−0.8230
Aggregate unemployment insurance spending and labor force participation rate female
CI	5.94	0	8.89
	6.69	1	8.89
	9.71**	4	8.89
$Δ C I$	3.90	0	0.7095
	4.49	1	−0.6107
	7.74**	4	−0.6107

Note(s): (1) Critical values for the TAR adjustment for CI are 6.93 for 5% with no lagged change, 6.93 for 5% with one lagged change and 7.56 for 5% with 4 lagged change, (2) Critical values for the M-TAR adjustment for CI are 6.62 for 5% with no lagged change, 6.63 for 5% with one lagged change and 6.32 for 5% with 4 lagged change, (3) for TAR adjustment * for 1% and ** for 5% and (4) for M-TAR adjustment * for 1% and ** for 5%

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