Bounds Test

Test Statistic

Value

Critical Bounds Value

F-statistic

1% [I(0), I(1)], k = 2

16.6^*

6.34

7.52

5% [I(0), I(1)], k = 2

16.6^*

4.87

5.85

10% [I(0), I(1)], k = 2

16.6^*

4.19

5.06

T-statistic

1% [I(0), I(1)], k = 2

−6.53^*

−3.96

−4.53

5% [I(0), I(1)], k = 2

−6.53^**

−3.41

−3.95

10% [I(0), I(1)], k = 2

−6.53^***

−3.13

−3.93