Table 8.

Diagnostic tests

Dependent variable: D(GDP)
Model 1Model 2
Breusch–Godfrey serial correlation LM test0.020354 (0.8483)Breusch–Godfrey serial correlation LM test0.790670 (0.2935)
Heteroskedasticity test: ARCH1.559598 (0.2088)Heteroskedasticity test: ARCH2.584834 (0.1108)
Jarque–Bera normality test0.289212
(0.8653)
Jarque–Bera normality test1.445343
(0.4854)

Notes:

Diagnostic tests results are based on F-statistic, and figures in ( ) represents probability-values, respectively

Source: Own calculations

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