The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 4 Diagnostic tests for NARDL estimates
From: Non-linear impact of exchange rate changes on U.S. industrial production
Sectors | Bounds test (F-statistic) | LM (Prob. chi-square) | RESET (FITTED\(^2\)) | CUSUM (CUSUM\(^2\)) | ECM (t-1) | Adjusted \(R^2\) |
|---|---|---|---|---|---|---|
Non-energy materials | 4.763429*** | 0.4296 | 0.1630 | S (S) | − 0.06*** (0.14) | 0.99 |
Non-durable manufacturing | 2.290364*** | 0.2448 | 0.0276 | S (S) | t0.11*** (0.03) | 0.97 |
Mining | 3.316104*** | 0.3947 | 0.4421 | S (U) | − 0.06*** (0.02) | 0.97 |
Energy materials | 2.323125*** | 0.2753 | 0.1954 | S (U) | − 0.08*** (0.02) | 0.98 |
Electricity | 7.036801*** | 0.0857 | 0.0316 | S (S) | − 0.36*** (0.06) | 0.96 |
Durable manufacturing | 2.955711*** | 0.7754 | 0.3426 | S (S) | − 0.04*** (0.01) | 0.99 |
Consumer goods | 5.481891*** | 0.9670 | 0.4172 | S (S) | − 0.18*** (0.03) | 0.98 |
Business equipments | 3.820781*** | 0.4374 | 0.9766 | S (U) | − 0.03 (0.01)*** | 0.99 |