Table 12 Wald test results for Eq. (8).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
Gov expenditure | RGDP | 44.44717 | 0.0000 |
Total capital | 2.291056 | 0.3181 | |
Consumption | 30.20606 | 0.0000 | |
Public debt | 32.41279 | 0.0000 | |
Employment | 34.15166 | 0.0000 | |
Investment | 30.41405 | 0.0000 | |
Net exports | 2.199088 | 0.3330 | |
REER | 13.19262 | 0.0014 |