Table 3 SVAR lag order selection criteria.

From: Economic effect of the golf simulation industry in Korea: an analysis based on the SVAR model

Lag

LogL

LR

FPE

AIC

SIC

HQIC

0

61.539

NA

1.68eāˆ’09

āˆ’8.852

āˆ’8.678

āˆ’8.887

1

106.651

55.562*

5.64eāˆ’11*

āˆ’12.379*

āˆ’11.465*

āˆ’12.463*

2

153.024

29.642

6.42eāˆ’13

āˆ’18.004

āˆ’16.439

āˆ’18.325

  1. LR sequential modified LR test statistic; FPE final prediction error; AIC Akaike information criterion; SIC Schwarz information criterion; HQIC Hannan–Quinn information criterion.
  2. * Indicates lag order selected by the criterion (significant at 5% level).