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Future Business Journal

Table 5 Diagnostic test.

From: Tripartite relationship between FDI, trade openness and economic growth amidst global economic crisis in Nigeria: application of combined cointegration and augmented ARDL analysis

Diagnostic test

Spec 1

Spec 2

Spec 3

Spec 4

Spec 5

Spec 6

Spec 7

Durbin–Watson stat

2.6319

 

2.5244

 

2.00387

 

2.0934

 

2.1804

 

2.0851

 

2.2167

 

Jarque–Bera normality test

0.5286

[0.7677]

0.751

[0.6869]

2.0348

[0.3615]

2.0348

[0.3615]

2.5607

[0.2779]

4.9303

[0.8499]

7.5692

[0.1034]

BG serial correlation LM test

8.1523

[0.0170]

4.2948

[0.1168]

6.9903

[0.3550]

14.161

[0.0885]

0.6415

[0.7256]

0.334

[0.0845]

0.8465

[0.6549]

Heteroskedasticity test: ARCH

17.493

[0.2308]

6.189

[0.9974]

4.8624

[0.9378]

17.278

[0.7478]

11.606

[0.6379]

12.288

0.5042

48,255

[0.9393]

Ramsey RESET test

0.4703

[0.5016]

1.0474

[0.3248]

1.7286

[0.2179]

0.8471

[0.6106]

1.0185

[0.3255]

1.2268

[0.2812]

0.8997

[0.3532]

CUSUM & CUSUMSQ

 

Stable

 

Stable

 

Stable

 

Stable

 

Stable

 

Stable

 

Stable

  1. 4.2 Co-integration result
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