Table 3 Cross-sectional dependence (CSD) test results.
Variables | CD | CDw | CDw+ | CD |
|---|---|---|---|---|
TP | 4.68*** | –1.97** | 13.63*** | –0.56 |
PRE | 7.54*** | 1.01 | 24.84*** | 3.55*** |
TEM | 12.85*** | –2.65*** | 37.97*** | 0.73 |
MOIS | 3.46*** | 0.68 | 11.88*** | 3.51*** |
TPA | –1.51 | 4.51*** | 32.45*** | 1.08 |