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Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 6 Wald test

From: Innovation, total factor productivity and economic growth in Pakistan: a policy perspective

Level of significance

Critical values

WALD test (F value)

Lower limit

Upper limit

1%

4.29

5.61

 

5%

3.23

4.45

6.87

10%

2.27

3.77

 
  1. Critical values (lower and upper values) for the bounds test; case D: (restricted intercept and no trend) Narayan (2005)
  2. The results of Wald F- test statistics along with critical values are (upper and lower values) reported in Table 6, and these information is supported from Narayan (2004). The results of Wald F- test is 6.87 at lag 2, which is greater than the upper and lower bond critical values at 1%, 5% and 10% level of significance. Therefore, results showed that our all variables are co-integrated
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