The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks
Table 7
Short run results.
Variable
Dependent variable =
Dependent variable =
Dependent variable =
Coefficient
-statistic
Coefficient
-statistic
Coefficient
-statistic
Constant
−0.0037
−0.5813
0.0073
2.3969
0.0023
0.5188
⋯
⋯
0.0639
2.4847
0.1311
2.6318
0.4539
2.5264
⋯
⋯
0.3246
2.6012
0.2735
2.3395
0.1442
2.5082
⋯
⋯
−0.6450
−7.9533
−0.0419
−2.9695
−0.2693
−4.5419
0.3756
0.0904
0.2002
0.3608
0.0689
0.1813
-statistic
25.4650
4.2105
10.5974
Diagnostic test
-statistic
Probability
-statistic
Probability
-statistic
Probability
0.9044
0.6362
0.3808
0.6776
0.1352
0.9212
0.2916
0.7416
0.2260
0.8500
0.8703
0.4212
0.0291
0.8646
1.6659
0.1931
0.5830
0.6065
0.7954
0.5752
0.2217
0.9691
0.4754
0.4012
2.2072
0.1142
0.5671
0.5681
1.6040
0.1175
Note: and denote the significance at 1% and 5% levels, respectively. is for normality test, for LM serial correlation test, for autoregressive conditional heteroskedasticity, for white heteroskedasticity, and for Resay Reset test.
