| Test Hypothesis | ||
Cross-section | Time | Both | |
Model I | 386.6998 (0.0000) | 0.000622 (0.9121) | 386.7004 (0.0000) |
Model II | 86.53852 (0.0000) | 4030.081 (0.0000) | 4116.619 (0.0000) |
Model III | 90.67027 (0.0000) | 4303.096 (0.0000) | 4393.767 (0.0000) |