Table 3A Bounds test for long run...

Table 3A

Bounds test for long run co-integration

Bound tests	Equation (7E)		Equation (12E)		Equation (13E)
F-statistic (Wald test)	8.367		7.768		3.91
CV at 10%	I(0)	I(1)	I(0)	I(1)	I(0)	I(1)
CV at 10%	3.223	3.757	3.223	3.757	3.223	3.757

Bound tests	Equation (7E)	Equation (12E)	Equation (13E)
F-statistic (Wald test)	8.367	7.768	3.91
CV at 10%	I(0)	I(1)	I(0)	I(1)	I(0)	I(1)
3.223	3.757	3.223	3.757	3.223	3.757

Note(s): Computed F-statistic (Wald test). Pesaran, Shin, and Smith (2001) are used for the critical values (CV) at 10% significance level

Source(s): Authors’ calculation