Bound test results
| K | F-statistics | Critical values at 5% significance level | |
|---|---|---|---|
| Bottom bound | Upper bound | ||
| Country-level analysis (Equation (1)) | |||
| 1 | 5.99 | 4.94 | 5.73 |
| City-level analysis (Equation (2)) | |||
| 1 | 5.96 | 4.94 | 5.73 |
| Critical values at 5% significance level | |||
|---|---|---|---|
| Bottom bound | Upper bound | ||
| 1 | 5.99 | 4.94 | 5.73 |
| 1 | 5.96 | 4.94 | 5.73 |
Notes: k shows independent variables for Equation (1). Critical values are obtained from Table C1. iii from the research work of Pesaran et al. (2001, p. 300)
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.