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Table 1 Cross-sectional dependence analysis

From: The economic integration of Spain: a change in the inflation pattern

  No trend specification Trend specification
CPI. 50 provinces 1955.1–1978.6 CPI. 50 provinces 1978.7–2014.4 CPI. 50 provinces 1955.1–1978.6 CPI. 50 provinces 1978.7–2014.4
LM test 491.383a 2383.475a 488.076a 2390.468a
CD test 152.845a 338.290a 152.327a 338.767a
  1. The CD-statistic and the LM-statistic test for the null of cross-sectional independence. The CD-statistic is distributed as a two-tailed standard normal distribution and the LM-statistic as a \( \chi_{N(N - 1)/2}^{2} \) distribution
  2. aImplies rejection of the null hypothesis at the 1 % significance level