Financial Innovation

Table 5 Panel cross-sectional dependence tests

From: Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach

Variables	P-CD test	P value
LNPROD	146.642^a	0.000
LNCAPTA	98.964^a	0.000
FI	130.299^a	0.000
FD	130.311^a	0.000
FM	130.388^a	0.000

“P-CD represents Pesaran cross-sectional dependence, a stands for the rejection of the null hypothesis of cross-sectional independence at 1%” correspondingly

Back to article page