Table 11 Wald test results for Eq. (7).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
Investment | RGDP | 1.144774 | 0.5642 |
Total capital | 29.34934 | 0.0000 | |
Consumption | 1.966686 | 0.3741 | |
Public debt | 5.610173 | 0.0605 | |
Employment | 3.634114 | 0.1625 | |
Gov. expenditure | 2.656783 | 0.2649 | |
Net exports | 0.440324 | 0.8024 | |
REER | 0.473296 | 0.7893 |