Table 7 CD test result.
Variables | Breusch-Pagan LM | Pesaran scaled LM | Pesaran CD |
|---|---|---|---|
lnGDP | 239.7726*** (0.0000) | 51.37872*** (0.0000) | 15.47949*** (0.0000) |
lnCC | 137.4216*** (0.0000) | 28.49233*** (0.0000) | 11.30922*** (0.0000) |
lnOC | 223.6987*** (0.0000) | 47.78448*** (0.0000) | 14.91798*** (0.0000) |
lnNGC | 236.9817*** (0.0000) | 50.75466*** (0.0000) | 15.38874*** (0.0000) |
lnRE | 95.24571*** (0.0000) | 19.06152*** (0.0000) | 6.937127*** (0.0000) |
lnK | 70.98130*** (0.0000) | 13.63583*** (0.0000) | 7.955781*** (0.0000) |
lnL | 247.7124*** (0.0000) | 53.15410*** (0.0000) | 15.73602*** (0.0000) |
lnTO | 49.19041*** (0.0000) | 8.763241*** (0.0000) | 6.067180*** (0.0000) |