Table 13 Wald test results for Eq. (9).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
Net exports | RGDP | 14.03836 | 0.0009 |
Total capital | 9.344786 | 0.0093 | |
Consumption | 11.17382 | 0.0037 | |
Public debt | 6.570738 | 0.0374 | |
Employment | 21.75928 | 0.0000 | |
Investment | 17.91958 | 0.0001 | |
Gov. expenditure | 2.552136 | 0.2791 | |
REER | 6.717060 | 0.0348 |