Table 12 LM test.

From: Market-incentive environmental regulation and total factor energy efficiency: evidence from China’s energy-consuming right trading pilot

Indicator

Method

Statistical value

p value

LM_error test

LM_error

7300.212

0.000

 

LM_error_robust

5496.548

0.000

LM_lag test

LM_lag

1868.644

0.000

 

LM_lag_robust

64.980

0.000

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