Table 7 Diagnostic test.

From: China’s climate governance for carbon neutrality: regulatory gaps and the ways forward

Test statistics

Statistics

p-value

Interpretation

Jarque–Bera

1.5094

0.4702

Normal distribution

Breusch–Godfrey serial correlation LM test, F-statistic

2.5506

0.1390

No serial correlation

Heteroscedasticity test: Breusch–Pagan–Godfrey, F-Statistic

1.3736

0.3214

No heteroskedasticity