Table 2 Results of model specification.
Tests | Test statistics | df | p value |
---|---|---|---|
Hausman test robust to spatial autocorrelation | 65.78 | 3 | < 0.001 |
LM test for spatial lag dependence | 1830.48 | 1 | < 0.001 |
LM test for spatial error dependence | 1825.80 | 1 | < 0.001 |
Locally robust LM test for spatial lag dependence sub spatial error | 1.870 | 1 | 0.171 |
Locally robust LM test for spatial error dependence sub spatial lag | 0.834 | 1 | 0.361 |