|
| Statistic | p-value |
| Cross-sectional dependence test | ||
| Breusch-Pagan LM | 152.952* | 0.000 |
| Pesaran CD | 0.418 | 0.675 |
| Pesaran scaled LM | 13.783* | 0.000 |
| Homogeneity test | ||
| Delta | 194.302* | 0.000 |
| Delta adjusted | 206.876* | 0.000 |
| Swamy test | 403.72* | 0.000 |