Table 9 Wald test results for Eq. (5).
From: Triggering economic growth to ensure financial stability: case study of Northern Cyprus
Endogenous variable | Exogenous variable | Chi square | Probability |
|---|---|---|---|
Public debt | RGDP | 2.025521 | 0.3632 |
Total capital | 5.555585 | 0.0622 | |
Consumption | 1.100233 | 0.5769 | |
Employment | 2.351633 | 0.3086 | |
Investment | 1.897394 | 0.3872 | |
Gov. expenditure | 2.804579 | 0.2460 | |
Net exports | 0.013435 | 0.9933 | |
REER | 1.613815 | 0.4462 |