Table 4 Asymmetric bounds test F...

Table 4

Asymmetric bounds test

F-statistic	Significance	Critical bounds
F-statistic	Significance	I(0)	I(1)
3.918	10%	2.12	3.23
3.918	5%	2.45	3.61
K = 6	5%	2.45	3.61
K = 6	1%	3.15	4.43

F-statistic	Significance	Critical bounds
3.918	10%	2.12	3.23
5%	2.45	3.61
K = 6
1%	3.15	4.43

Note(s): The null hypothesis underlying this test is that no long-run relationship exists among the variables, and it is based on the Pesaran et al. (2001) table

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