Table 6 Financial development threshold value test
Threshold variable | Threshold number | F-statistics | Prob | Threshold value [Confidence interval] | Critical value (F test) | ||
|---|---|---|---|---|---|---|---|
10% | 5% | 1% | |||||
FDb | Single | 297.68*** | 0.000 | 0.8857 [0.8813 0.8924] | 12.009 | 13.785 | 17.780 |
Double | 54.13*** | 0.000 | 1.0478 [1.0393 1.0504] | 12.314 | 14.337 | 18.700 | |
FDc | Single | 370.69*** | 0.000 | 0.2297 [0.2217 0.2418] | 10.889 | 12.706 | 17.150 |
Double | 16.79** | 0.030 | 1.4559 [1.4346 1.4850] | 11.821 | 14.229 | 18.129 | |