Results of selecting the transition variable, linearity and selection order m
| Regions | Test | Transition variable PUCDT | Results of the H0 | Selecting order m | |||||
|---|---|---|---|---|---|---|---|---|---|
| m = 1 | m = 2 | m = 3 | m = 2 | m = 1; | m = 2; | m = 3; | |||
| Newly democratic African countries | LMF | Fs | 5.00 | 6.90 | 2.17 | 30.12 | 20.91 | 8.34 | 50.30 |
| pv | 7.678e–31 | 0.0002 | 0.00020 | 4.112e–25 | 3.002e–02 | 3.875e–24 | |||
| LMχ | Fs | 30.67 | 13.77 | 12.04 | 12.53 | 89.30 | 9.63 | 45.20 | |
| pv | 4.987e–28 | 3.129e–25 | 2.062e–06 | 0.00023 | 3.002e–02 | 4.435e–20 | |||
| WB | pv | – | – | – | 0.00 | – | – | – | |
| WCB | pv | – | – | – | 0.00 | – | – | – | |
| Newly democratic European countries | LMF | Fs | 4.50 | 4.39 | 4.19 | 22.98 | 70.69 | 10.13 | 60.45 |
| pv | 9.290e–20 | 6.247e–13 | 5.998e–30 | 2.922e–19 | 5.985e–20 | 0.71 | 4.949e–22 | ||
| LMχ | Fs | 41.00 | 16.00 | 15.34 | 9.40 | 90.56 | 7.21 | 40.56 | |
| pv | 5.842e–23 | 5.679e–22 | 4.985e–11 | 4.687e–10 | 8.765e–33 | 0.80 | 6.658e–14 | ||
| WB | pv | – | – | – | 0.00 | – | – | – | |
| WCB | pv | – | – | – | 0.00 | – | – | – | |
| Regions | Test | Transition variable PUCDT | Results of the | Selecting order | |||||
|---|---|---|---|---|---|---|---|---|---|
| m = 1; | m = 2; | m = 3; | |||||||
| Newly democratic African countries | Fs | 5.00 | 6.90 | 2.17 | 30.12 | 20.91 | 8.34 | 50.30 | |
| pv | 7.678e–31 | 0.0002 | 0.00020 | 4.112e–25 | 3.002e–02 | 3.875e–24 | |||
| Fs | 30.67 | 13.77 | 12.04 | 12.53 | 89.30 | 9.63 | 45.20 | ||
| pv | 4.987e–28 | 3.129e–25 | 2.062e–06 | 0.00023 | 3.002e–02 | 4.435e–20 | |||
| WB | pv | – | – | – | 0.00 | – | – | – | |
| WCB | pv | – | – | – | 0.00 | – | – | – | |
| Newly democratic European countries | Fs | 4.50 | 4.39 | 4.19 | 22.98 | 70.69 | 10.13 | 60.45 | |
| pv | 9.290e–20 | 6.247e–13 | 5.998e–30 | 2.922e–19 | 5.985e–20 | 0.71 | 4.949e–22 | ||
| Fs | 41.00 | 16.00 | 15.34 | 9.40 | 90.56 | 7.21 | 40.56 | ||
| pv | 5.842e–23 | 5.679e–22 | 4.985e–11 | 4.687e–10 | 8.765e–33 | 0.80 | 6.658e–14 | ||
| WB | pv | – | – | – | 0.00 | – | – | – | |
| WCB | pv | – | – | – | 0.00 | – | – | – | |
Notes:
Dependent variable is the Growth. All variables PUCDT, IMFIN, IMFDTI, TRP, INFL, GEXP, EMSS, TRM and PG were included as candidates for identifying the appropriate transition variable using the LM-type test. *Reflect the 10% level of significance. p-v are the p-values, and Fs denotes the F-statistic
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.