Residual diagnostic check
| Dependent variable | LM test | ARCH test | Normality test |
|---|---|---|---|
| ΔLGDP | 3.763 (0.152) | 0.188 (0.910) | 0.051 (0.974) |
| ΔLIIT | 0.723 (0.696) | 0.702 (0.703) | 8.533 (0.140) |
| ΔLSE | 5.576 (0.061) | 5.025 (0.081) | 6.937 (0.311) |
| Dependent variable | LM test | ARCH test | Normality test |
|---|---|---|---|
| ΔLGDP | 3.763 (0.152) | 0.188 (0.910) | 0.051 (0.974) |
| ΔLIIT | 0.723 (0.696) | 0.702 (0.703) | 8.533 (0.140) |
| ΔLSE | 5.576 (0.061) | 5.025 (0.081) | 6.937 (0.311) |
Notes: Estimated values under the column LM test are observed R2 values and probability χ2 values are in parenthesis. Estimated values under the column ARCH test are observed R2 values and probability values are in parenthesis. Estimated values under the column Normality test are Jarque–Bera test and probability values are in parenthesis
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