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Table 13 Lag selection criteria (structural reforms VAR)

From: Unemployment dynamics and the Beveridge curve in Greece

lag

LL

LR

df

p

FPE

AIC

HQIC

SBIC

0

385.612

   

6.5e-11

−14.9445

−14.7697

−14.4856

1

479.323

187.42

9

0.000

2.2e-12*

−18.3329*

−18.0271*

−17.5299*

2

485.01

11.375

9

0.251

2.5e-12

−18.2004

−17.7635

−17.0532

3

488.842

76.631

9

0.568

3.2e-12

−17.9937

−17.4257

−16.5023

4

499.786

21.889*

9

0.009

3.1e-12

−18.0714

−17.3725

−16.2359

  1. "Note: The chosen specification is the one with 1 lags, see LR, FPE, AIC, HQIC, SBIC test (a "*" points to the lag selected by each test)"