Table 6

Test for asymmetries

Wald statisticχ2 statistic
WSR7.190*** (0.007)
WLR8.356*** (0.004)

Note(s): The null hypothesis underlying this test is that the coefficients are symmetric. WSR and WLR, respectively, denote the short- and long-run Wald statistic for symmetric coefficients in the model. The p-values are reported in parenthesis, and *** denotes significance at the 1% level

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