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Future Business Journal

Table 8 Diagnostic results for the ARDL model.

From: The impact of financial development on renewable energy consumption: new insights from Ghana

ECTt−1*

−0.909(0.151)

AIC

−4.25

Adjusted R−squared

0.988

Normality, p value

0.96

Serial correlation, p value

0.60

Heteroskedasticity, p value

0.64

Ramsey RESET, p value

0.84

  1. Normality: Jarque–Bera H0: normality. Serial correlation: Breusch–Godfrey H0: No serial correlation. Heteroskedasticity: Breusch–Pagan–Godfrey H0: Homoskedasticity. Ramsey RESET H0: No functional form misspecification as a result of omitted variables (Squares of fitted value)
  2. *The results of the short-run dynamics are readily available upon request
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