The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks
Table 6
Long run results.
Variable
Dependent variable =
Dependent variable =
Dependent variable =
Coefficient
-statistic
Coefficient
-statistic
Coefficient
-statistic
Constant
4.4502
22.1637
−0.0714
−0.0876
−0.9305
−2.2596
⋯
⋯
0.2968
1.8336
0.2620
3.3233
0.1272
2.6974
⋯
⋯
0.4239
16.4255
0.2003
2.2226
1.5958
16.4255
⋯
⋯
0.5111
0.8358
0.8440
0.5035
0.8332
0.8416
-statistic
67.4413
32.8348
34.9205
Diagnostic test
-statistic
Probability
-statistic
Probability
-statistic
Probability
0.2536
0.8808
0.5604
0.6066
4.0656
0.1309
1.0040
0.8870
0.9786
0.8900
0.6545
0.5507
1.5812
0.1704
1.0796
0.4490
0.1962
0.9860
1.3436
0.2576
0.9372
0.4405
0.5576
0.5060
0.1598
0.6899
0.8042
0.7659
2.6240
0.1077
Note: , , and denote the significance at 1%, 5%, and 10% levels, respectively. is for normality test, for LM serial correlation test, for autoregressive conditional heteroskedasticity, for white heteroskedasticity, and for Remsay Reset test.
