Table 14 Wald test results for Eq. (10).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
REER | RGDP | 13.56643 | 0.0011 |
Total capital | 8.912412 | 0.0116 | |
Consumption | 5.539855 | 0.0627 | |
Public debt | 6.002376 | 0.0497 | |
Employment | 7.681591 | 0.0215 | |
Investment | 14.57189 | 0.0007 | |
Gov. expenditure | 12.00979 | 0.0025 | |
Net exports | 2.003579 | 0.3672 |