Cross-dependency test
| Breusch-Pagan LM | Pesaran CD | |
|---|---|---|
| CO2 | 694.7875 (0.0000) | 25.24403 (0.0000) |
| EC | 681.3245 (0.0000) | 24.53458 (0.0000) |
| GDP | 912.2782 (0.0000) | 30.17518 (0.0000) |
| COR | 694.7875 (0.0000) | 25.24403 (0.0000) |
| TR | 200.2479 (0.0000) | 5.965291 (0.0000) |
| Breusch-Pagan LM | Pesaran CD | |
|---|---|---|
| CO2 | 694.7875 (0.0000) | 25.24403 (0.0000) |
| EC | 681.3245 (0.0000) | 24.53458 (0.0000) |
| GDP | 912.2782 (0.0000) | 30.17518 (0.0000) |
| COR | 25.24403 (0.0000) | |
| TR | 200.2479 (0.0000) | 5.965291 (0.0000) |
Note(s): The cross-sectional dependence test helped in deciding whether to use the first or second generation panel unit root tests
Source(s): Author’s Work