Table 6 Sequence of homogeneity tests for selecting order M of transition function
Transition variable: government response index (GRI) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
LM_X | PV | LM_F | PV | HAC_X | PV | HAC_F | PV | WB_PV | WCB_PV | |
\(H_{03}^{*}\) | 63.36 | 5.71E−13 | 15.77 | 6.93E−13 | 39.78 | 4.81E−08 | 9.901 | 5.34E−08 | 0 | 0 |
\(H_{02}^{*}\) | 104.8 | 0.00E+00 | 26.07 | 0.00E+00 | 49.81 | 3.95E−10 | 12.39 | 4.58E−10 | 0 | 0 |
\(H_{01}^{*}\) | 60.05 | 2.84E−12 | 14.94 | 3.45E−12 | 37.42 | 1.48E−07 | 9.309 | 1.64E−07 | 0 | 0 |