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

Table 3 Lag selection criterion

From: Spillover dynamics across price inflation and selected agricultural commodity prices

Lag

Log L

LR

FPE

AIC

SC

HQ

0

399.9509

NA

1.13e−14

− 6.570603

− 6.360417

− 6.485253

1

1664.351

2316.295

2.62e−23*

− 26.45967

− 24.35781*

− 25.60617*

2

1725.735

103.1676

3.72e−23

− 26.13000

− 22.13647

− 24.50836

3

1780.613

83.93005

6.10e−23

− 25.69097

− 19.80577

− 23.30117

4

1844.075

87.46122

9.15e−23

− 25.39622

− 17.61935

− 22.23828

5

1911.276

82.44795

1.40e−22

− 25.16430

− 15.49576

− 21.23821

6

2005.404

101.2466

1.51e−22

− 25.38494

− 13.82472

− 20.69070

7

2122.521

108.2593

1.30e−22

− 25.99194

− 12.54005

− 20.52956

8

2259.367

105.7974*

1.00e−22

− 26.93054*

− 11.58698

− 20.70001

  1. LR represents sequential modified LR statistic, Log L is the log likelihood, FPE is the final prediction error, AIC is the Akaike Information Criterion, SIC is the Schwarz Information Criterion and HQ is the Hannan–Quinn Information Criterion, respectively, while *depicts the optimum lag selected