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 |