Table 5 Results of bounds test for the existence of cointegration
From: The impact of location tax incentives on the growth of rural economy: evidence from Ghana
Model | Dependent variable | Function | F-statistic | Cointegration status | ||
|---|---|---|---|---|---|---|
1 | CD | F(CD/INC, MS, TOP | 6.875451*** | Cointegrated | ||
2 | JBC | F(JBC/INC, MS, TOP | 7.767313*** | Cointegrated | ||
Asymptotic Critical Value | ||||||
Model 1 | 1% | 5% | 10% | |||
I (0) | I (1) | I (0) | I (1) | I (0) | I (1) | |
4.29 | 5.61 | 3.23 | 4.35 | 2.72 | 3.77 | |
Asymptotic Critical Value | ||||||
Model 2 | 1% | 5% | 10% | |||
| Â | I (0) | I (1) | I (0) | I (1) | I (0) | I (1) |
4.29 | 5.61 | 3.23 | 4.35 | 2.72 | 3.77 | |