Model | Test | F- statistics | p-value | Critical values |
---|---|---|---|---|
Model 1 | Single threshold | 9.881** | 0.000 | (2.587, 3.892, 6.381) |
Double threshold | 12.826** | 0.001 | (2.688, 3.924, 6.495) | |
Triple threshold | 7.686** | 0.004 | (2.864, 3.979, 6.610) | |
Model 2 | Single threshold | 24.616** | 0.000 | (2.659, 3.695, 6.915) |
Double threshold | 23.660** | 0.000 | (−0.679, 1.817, 6.755) | |
Triple threshold | 9.482** | 0.000 | (2.787, 3.981, 7.023) |