Table 4 Cross-Sectional Dependence (CSD) test.
Test | Statistic | P-value |
---|---|---|
Breusch-Pagan LM | 2847.855*** | 0.0000 |
Pesaran scaled LM | 65.30700*** | 0.0000 |
Pesaran CD | 35.96723*** | 0.0000 |
Test | Statistic | P-value |
---|---|---|
Breusch-Pagan LM | 2847.855*** | 0.0000 |
Pesaran scaled LM | 65.30700*** | 0.0000 |
Pesaran CD | 35.96723*** | 0.0000 |