From: Effect of interest rate on economic performance: evidence from Islamic and non-Islamic economies
Specification test | Tested | Islamic countries | Non-Islamic countries | Selection | ||
---|---|---|---|---|---|---|
Saving | Investment | Saving | Investment | |||
F-test | OLS/ | 242.06 | 22.09 | 73.90 | 19.30 | Fixed |
fixed | (0.000) | (0.000) | (0.000) | (0.000) | ||
Breusch– | OLS/ | 528.29 | 247.34 | 414.98 | 239.75 | Random |
Pagan | random | (0.000) | (0.000) | (0.000) | (0.000) | |
(LM) | ||||||
Hausman | Fixed/ | 4.863 | 9.248 | 6.885 | 9.949 | Random |
random | (0.676) | (0.235) | (0.441) | (0.191) |