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Table 10 Diagnostic tests

From: Market integration and asymmetric price transmission in selected domestic markets for major staple foods in Uganda

Commodity (market)

Causal direction

Tests

  

BG–LM test

BPG-Het test

Ramsey RESET test

Vertical transmission

 Matoke (Kampala)

WP =  > RP

0.1098 (0.8961)

0.7126 (0.6403)

0.0005 (0.9827)

 Beans (Kampala)

WP =  > RP

0.2860 (0.9195)

0.6665 (0.6498)

0.2247 (0.6366)

 Maize (Masindi)

WP =  > RP

1.3679 (0.2465)

1.5302 (0.1258)

0.6323 (0.4290)

Spatial transmission

 Matoke

WP_Kampala =  > WP_Mbarara

0.2891 (0.7497)

1.7687 (0.1421)

0.1364 (0.7127)

WP_Mbarara =  > RP_Kampala

0.0338 (0.9978)

1.2305 (0.2953)

0.6337 (0.4283)

 Beans

WP_Masindi =  > WP_Kampala

0.1579 (0.9243)

1.9954 (0.0750)

0.0529 (0.8186)

WP_Masindi =  > RP_Kampala

0.0321 (0.9980)

1.4760 (0.1866)

3.4610 (0.0663)

 Maize

WP_Masindi =  > RP_Kampala

1.0581 (0.3522)

1.6095 (0.0955)

3.4825 (0.0659)

WP_Tororo =  > RP_Kampala

0.5553 (0.5760)

1.1017 (0.3695)

0.3797 (0.5394)

  1. BPG-Het: Breusch-Pagan-Godfrey Heteroskedasticity Test, BG – LM: Breusch-Godfrey Serial Correlation LM Test, Figures in brackets are probabilities, values for LM, Het, and Ramsey tests are F-statistics