Bound F-test results
| Critical values at 5% significance level | |||
|---|---|---|---|
| Case | I (0) | I (1) | F-test values |
| Case 2: Restricted constant and no trend | 2.27 | 3.28 | 9.480981 |
| Case 3: Unrestricted constant and no trend | 2.45 | 3.61 | 9.416964 |
| Case 4: Unrestricted constant and restricted trend | 2.63 | 3.62 | 12.48361 |
| Case 5: Unrestricted constant and unrestricted trend | 2.87 | 4 | 13.57780 |
| Critical values at 5% significance level | |||
|---|---|---|---|
| Case | I (0) | I (1) | |
| Case 2: Restricted constant and no trend | 2.27 | 3.28 | 9.480981 |
| Case 3: Unrestricted constant and no trend | 2.45 | 3.61 | 9.416964 |
| Case 4: Unrestricted constant and restricted trend | 2.63 | 3.62 | 12.48361 |
| Case 5: Unrestricted constant and unrestricted trend | 2.87 | 4 | 13.57780 |
Source(s): Authors’ computation
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