Testing the relationship between financial sector output, employment and economic growth in North Cyprus

Financial Innovation

Table 2 Zivot-Andrews Structural break test

Series	Break assumption	Break date	t-statistics
Financial sector output	Intercept	2006	1.43
	Trend	1992	2.92
	Intercept & Trend	1997	− 2.76
RGDP	Intercept	2003	−1.05
	Trend	2000	−4.98^a
	Intercept & Trend	1999	−4.10
Employment	Intercept	2003	−1.05
	Trend	2004	−8.35^a
	Intercept & Trend	2004	−7.68^a