Table 8 Wald test results for Eq. (4).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
Consumption | RGDP | 18.08441 | 0.0001 |
Total capital | 0.958387 | 0.6193 | |
Public debt | 7.759261 | 0.0123 | |
Employment | 9.395872 | 0.0091 | |
Investment | 38.77481 | 0.0000 | |
Gov. expenditure | 2.577205 | 0.2757 | |
Net exports | 2.371653 | 0.3055 | |
REER | 3.153843 | 0.2066 |