Bounds tests

Model 1

Model 2

Test

Statistic

Value

K

Test

Statistic

Value

K

F-Statistic

6.425416

3

F-Statistic

3.875588

4

Critical Value Bounds

Critical Value Bounds

Significance

I0 Bound

I1 Bound

Significance

I0 Bound

I1 Bound

10%

2.37

3.2

10%

2.2

3.09

5%

2.79

3.67

5%

2.56

3.49

2.5%

3.15

4.08

2.5%

2.88

3.87

1%

3.65

4.66

1%

3.29

4.37