Skip to main content

Table 5 Robustness check: Diagnostic tests

From: Impact of petroleum and non-petroleum indices on financial development in Oman

Normality test

J-B test Statistic (probability value)

Ho: Residuals are normal

1.29 (0.524)

Serial correlation test

F(2,11) 0.1335

Chi-Square(2)

0.1335

0. 40

Heteroscedasticity test

Breusch-Godfrey test

F(2,11)

Chi-Square(2)

0.1291

0.2022

Ramsey RESET test for misspecification

t-statistic

0.064002

12

0.9500

 

F-statistic

0.004096

(1,12)

0.9500

Stability tests

CUSUM

CUSUM Square

Stable

Stable

  1. Source: author’s work based on the Outcome of E-views version.10