Null hypothesis being tested

Sargan

P > Chi.Sq

Ho: “lr” is exogenous

1.770

0.1834

Ho: “tbr” is exogenous

3.163*

0.0753

Ho: “coreinf” is exogenous

0.126

0.7226

Ho: “logms” is exogenous

0.278

0.5979

Ho: “logta” is exogenous

6.576**

0.0103

Ho: “capitalr” is exogenous

0.094

0.7592