Ho: No level relationship

Estimated F and t statistics

Kripfganz & Schneider (2018) critical values at 5% level for

I (0) Variables

Kripfganz & Schneider (2018) critical values at 5% level for

I (1) Variables

Approximate

p-value for

I (0) Variables

Approximate

p-value for

I (1) Variables

F = 3.479

3.428

4.821

0.047

0.164

t = −2.996

−2.861

−3.797

0.037

0.186