Financial Innovation

Table 14 Panel VAR Causality Lag Order Selection Criteria Endogenous variables: GDP, M2, REMMIT

From: Remittances, financial development and economic growth in sub-Saharan African countries: evidence from a PMG-ARDL approach

Lag	LogL	LR	FPE	AIC	SC
0	− 3115.317	NA	7.00e+ 09	31.18317	31.23265
1	− 2341.953	1515.794	3,354,843.	23.53953	23.73743^a
2	− 2332.336	18.56149	3,334,429.^a	23.53336^a	23.87968
3	− 2325.718	12.57373	3,415,379.	23.55718	24.05193
4	− 2319.978	10.73414	3,529,608.	23.58978	24.23295
5	− 2316.007	7.306442	3,713,427.	23.64007	24.43167
6	− 2303.900	21.91281^a	3,602,349.	23.60900	24.54902

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

Back to article page