Table 4 Summary of statistic tests.
From: National culture, public health spending and life insurance consumption: an international comparison
Tests | All sample economies | Advanced economies | Emerging and developing economies |
|---|---|---|---|
| Â | (1) | (2) | (3) |
Hansen test (p-value) | 1.000 | 1.000 | 1.000 |
Arellano-Bond test for AR(2) (p-value) | 0.167 | 0.058 | 0.236 |
Arellano-Bond test for AR(3) (p-value) | 0.158 | 0.317 | 0.089 |
Arellano-Bond test for AR(4) (p-value) | 0.911 | 0.773 | 0.770 |
