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Table 7 Wald test: cointegration test with ARDL

From: Do remittances promote financial development in Africa?

Test statistic

Value

Df

Probability

F-statistic

1546.342

(8, 657)

0.0000

Chi square

12,370.73

8

0.0000

  1. Null Hypothesis: C(1) = C(2) = C(3) = C(4) = C(5) = C(6) = C(7) = C(8) = 0