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

Table 1 Cross sectional dependence tests.

From: Real exchange rate undervaluation, regional integration and services sector performance: evidence from the East African Community

 

Test statistic

p-value

Breusch-Pagan LM

7.469

0.2796

Pesaran scaled LM adja

0.412

0.6804

Pesaran CDa

0.1548

0.877

  1. Under the null hypothesis of cross-section independence
  2. aTwo-sided test