Table 7 Diagnostic tests for long run
Diagnostic test | LM BP \(\chi^{2}\) | LM BG \(\chi^{2}\) | JB \(\chi^{2}\) | Ramsey Reset Test \(\chi^{2}\) |
|---|---|---|---|---|
Model 1 | 1.641 (0.187) | 1.258 (0.303) | 1.447 (0.484) | 1.248 (0.243) |
Model 2 | 1.546 | 0.109 | 0.009 | 1.264 |
(0.206) | (0.897) | (0.995) | (0.224) | |
Model 3 | 0.487 (0.902) | 0.621 (0.558) | 3.055 (0.217) | 0.559 (0.588) |