Post-estimation diagnostic test results
| Diagnostic test | Model 1 | Model 2 |
|---|---|---|
| Jarque-Bera test statistics | 0.694 ns (0.7065) | 0.2983 ns (0.8614) |
| Heteroscedasticity: Breusch–Pagan–Godfrey test | 0.6513 ns (0.7959) | 0.5831 ns (0.854) |
| Breusch-Godfrey serial correlation – LM test | 0.0353 ns (0.8538) | 2.7473 ns (0.1256) |
| Ramsey RESET test | 0.0503 ns (0.8260) | 0.3598 ns (0.5608) |
| CUSUM test | Stable | Stable |
| CUSUM SQ test | Stable | Stable |
| Diagnostic test | Model 1 | Model 2 |
|---|---|---|
| Jarque-Bera test statistics | 0.694 ns (0.7065) | 0.2983 ns (0.8614) |
| Heteroscedasticity: Breusch–Pagan–Godfrey test | 0.6513 ns (0.7959) | 0.5831 ns (0.854) |
| Breusch-Godfrey serial correlation – LM test | 0.0353 ns (0.8538) | 2.7473 ns (0.1256) |
| Ramsey RESET test | 0.0503 ns (0.8260) | 0.3598 ns (0.5608) |
| CUSUM test | Stable | Stable |
| CUSUM SQ test | Stable | Stable |
Note(s): This table presents all diagnostic test results (test statistics) related to NARDL model. The numbers parentheses are probability values
Source(s): Table by authors’
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