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Financial Innovation

Table 4 Gregory–Hansen cointegration test with structural break

From: Savings, investment, and growth in Nepal: an empirical analysis

Model

T-statistics (ADF)

Break year

Critical value 5%

Result

F (lnGPC/lnGDS, lnINV)

−6.140

2001

−5.960

Cointegration

  1. Note: The null hypothesis is of no-cointegration. GPC, GDS, and INV stand for real GDP per capita, gross domestic savings, and investment, respectively. Full structural break; trend is included in the model
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