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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
  1. Note: LD is labour demand, WS wage-setting, and LS labour supply; and 5% critical values are: χ2(1) = 3.84; χ2(2) = 5.99.