The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 6 Results of the Cross-section dependence test
Tests | Value | Probability | Decision |
|---|---|---|---|
Developing countries | |||
Friedman (1937) | 14.886 | 0.038 | Dependence |
Frees (1995 & 2004) | 5.133 | 0.000 | Dependence |
Pesaran (2006) | 19.162 | 0.000 | Dependence |
Pesaran et al. (2008) | 8.872 | 0.000 | Dependence |
Pesaran (2015) | -2.578 | 0.010 | Dependence |
Developed countries | |||
Friedman (1937) | 16.641 | 0.011 | Dependence |
Frees (1995 & 2004) | 5.229 | 0.000 | Dependence |
Pesaran (2006) | 25.635 | 0.000 | Dependence |
Pesaran et al. (2008) | 9.668 | 0.000 | Dependence |
Pesaran (2015) | -3.033 | 0.006 | Dependence |