Table 3 Results of bounds test of Co-integration.
From: Do institutions matter in the fiscal reaction function? The case of Egypt
Test statistic | Value | Significance | I(0) | I(1) |
|---|---|---|---|---|
K | 8 | 10% | 1.95 | 3.06 |
F-statistic | 11.555 | 5% | 2.22 | 3.39 |
2.5% | 2.48 | 3.70 | ||
1% | 2.79 | 4.10 | ||
K | 9 | 10% | 1.88 | 2.99 |
F-statistic | 13.138 | 5% | 2.14 | 3.30 |
2.5% | 2.37 | 3.60 | ||
1% | 2.65 | 3.97 | ||
K | 10 | 10% | 1.83 | 2.94 |
F-statistic | 5.469 | 5% | 2.06 | 3.24 |
2.5% | 2.28 | 3.50 | ||
1% | 2.54 | 3.86 |
