Table 7 Critical values of the bound test from Pesaran et al. (2001) and Narayan (2005).

From: The influence of changes in income, oil, and the interest rate on the Saudi Arabian stock market

Critical Values

Pesaran

 

Narayan

 

Lower bound

I(0)

Upper bound

I(1)

Lower Bound

I(0)

Upper bound

I(1)

1%

3.41

4.68

4.537

6.370

5%

2.62

3.79

3.125

4.608

10%

2.26

3.35

2.578

3.858

  1. Pesaran et al. (2001): table CI(iii), case III, p. 300; Narayan (2005): case III, p. 1988.5.2-Long-run relationship.
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