Industrial output growth and foreign direct investment in Nigeria

Future Business Journal

Table 4 Lag length selection outcomes from the indicators between 1985 and 2020

VAR Lag Order Selection Criteria
Endogenous variables: IDT, FDI, EXR, INF, TOP, GCF and LPR
Lag	LogL	LR	FPE	AIC	SC	HQ
0	− 1117.768	NA	1.28e + 20	66.16281	66.47706	66.26998
1	− 1003.984	174.0230	3.01e + 18	62.35197	64.86598*	63.20932
2	− 933.6745	78.58073*	1.27e + 18*	61.09850*	65.81226	62.70603*

Source: Author’s computation
*indicates lag order selected by the criterion
AIC: Akaike information criterion, FPE: Final prediction error, LR: sequential modified LR test statistic (each test at 5% level), SC: Schwarz information criterion, HQ: Hannan-Quinn information criterion