Table 7 Diagnostic tests
From: More alike than different: the Spanish and Irish labour markets before and after the crisis
Spain: | LD | WS | LF |
|---|---|---|---|
 Misspecification tests | |||
SC[χ2(1) ] | 3.11 [0.078] | 0.02 [0.902] | 0.97 [0.325] |
LIN[χ2(1) ] | 0.28 [0.599] | 5.37 [0.021] | 0.51 [0.474] |
NOR[χ2(2) ] | 1.66 [0.436] | 1.97 [0.373] | 3.89 [0.143] |
HET[χ2(1) ] | 0.40 [0.530] | 4.12 [0.042] | 2.20 [0.138] |
ARCH[χ2(1) ] | 0.92 [0.338] | 1.14 [0.285] | 0.00 [0.992] |
 Stability tests (5% signif.) | |||
Cusum | ✓ | ✓ | ✓ |
Cusum2 | ✓ | ✓ | ✓ |
Ireland: | LD | WS | LF |
 Misspecification tests | |||
SC[χ2(1) ] | 0.57 [0.451] | 0.16 [0.688] | 1.20 [0.273] |
LIN[χ2(1) ] | 2.67 [0.102] | 1.99 [0.158] | 0.25 [0.617] |
NOR[χ2(2) ] | 0.74 [0.690] | 4.34 [0.114] | 0.23 [0.893] |
HET[χ2(1) ] | 0.00 [0.999] | 0.30 [0.587] | 0.01 [0.930] |
ARCH[χ2(1) ] | 0.57 [0.451] | 1.03 [0.310] | 0.11 [0.746] |
 Stability tests (5% signif.) | |||
Cusum | ✓ | ✓ | ✓ |
Cusum2 | ✓ | ✓ | ✓ |