Research Article
The Long-Term Impact of Human Capital Investment on GDP: A Panel Cointegrated Regression Analysis
Table 4
Johansen Fisher panel cointegration test results.
| |
Hypothesis | Developing countries | Developed countries | | Fisher stat. (from trace test) | Prob. | Fisher stat. (from maximum eigenvalue test) | Prob. | Fisher stat. (from trace test) | Prob. | Fisher stat. (from maximum eigenvalue test) | Prob. |
| | None | 244.1 | 0.0000 | 460.6 | 0.0000 | 77.55 | 0.0000 | 61.70 | 0.0001 | | At most 1 | 61.32 | 0.0000 | 49.74 | 0.0006 | 33.36 | 0.1518 | 17.92 | 0.8786 | | At most 2 | 27.77 | 0.1835 | 23.32 | 0.3838 | 26.85 | 0.4171 | 23.55 | 0.6017 | | At most 3 | 18.60 | 0.6697 | 18.60 | 0.6697 | 18.41 | 0.8605 | 18.41 | 0.8605 |
|
|
