The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 15 Diagnostic tests
| Â | Developing countries | Developed countries | ||||
|---|---|---|---|---|---|---|
| Â | Regime 1 | Regime 2 | Decision | Regime 1 | Regime 2 | Decision |
| Â | Value (p-value) | Value (p-value) | Value (p-value) | Value (p-value) | ||
ARCH test | 1.826 (0.177) | 1.306 (0.253) | No heteroscedasticity | 1.978 (0.160) | 1.347 (0.246) | No heteroscedasticity |
Serial correlation LM test | 5.896 (0.207) | 4.003 (0.406) | No serial autocorrelation | 2.321 (0.128) | 2.556 (0.110) | No serial autocorrelation |
Ramsey test | 0.621 (0.648) | 2.036 (0.159) | No specification error | 2.113 (0.150) | 2.188 (0.145) | No specification error |