South Africa

Indian

$G{P}_t^{+}$

$G{P}_t^{-}$

C

18.034***

7.530

11283.58***

2.566***

0.347

1713.76***

Long-run symmetric test

H₀ = symmetry

H₁ = asymmetry

t-statistic

F-Statistic

χ²-(1)

−2507**

6.289*

6.289*

3.64***

13.319***

13.319***