Financial Innovation

Table 3 Lag order selection criteria (BCPS and GDPG) Model no 2

From: Causality between bank’s major activities and economic growth: evidences from Pakistan

Lag	LogL	LR	FPE	AIC	HQ
0	−237.2910	NA	59.81376	9.766978	9.796275
1	−214.1747	43.40201	27.42005	8.986722	9.074610
2	−206.7534	13.32804^a	23.87301^a	8.847077^a	8.993558^a
3	−202.8392	6.709956	24.01703	8.850582	9.055654
4	−201.3285	2.466519	26.70533	8.952184	9.215849

LR sequential modified LR test statistic (each test at 5 % level), FPE Final prediction error, AIC Akaike information criterion, HQ Hannan-Quinn information criterion
^aIndicates lag order selected by the criterion

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