Impacts of Voice and Accountability upon Innovation in Pakistan: Evidence from ARDL and Maki Cointegration Approaches

Table 8

Model statistics and diagnostic tests.

INN = f(VAA, TSM, INF, SAV)
R-square	0.981
Adjusted R-square	0.964
DW stat	1.59
F-statistic	56.866(0.000)
JB-normality test	4.813(0.100)
LM test (Breusch–Godfrey serial correlation)	1.006(0.379)
ARCH-heteroskedasticity test	0.011(0.918)
Breusch–Pagan–Godfrey-heteroskedasticity test	1.499(0.148)
Ramsey RESET test	0.718(0.404)

Note. values are reported in parenthesis.