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Table 6 Diagnostic tests

From: Oil price, energy consumption and carbon dioxide (CO2) emissions: insight into sustainability challenges in Venezuela

Dependent variable lnEngy lnEngy lnCO2 lnCO2 lnRgdpc lnRgdpc
Specifications 1 2 3 4 5 6
Adjusted R-squared 0.832 0.833 0.710 0.691 0.889 0.886
Durbin–Watson Stat 2.189 2.239 2.207 2.053 1.762 1.873
BG serial correlation LM test 0.800
[0.378]
1.209
[0.281]
1.051
[0.314]
0.076
[0.784]
0.596
[0.446]
0.139
[0.712]
ARCH test for heteroscedasticity 0.964
[0.326]
0.762
[0.388]
0.588
[0.448]
1.285
[0.264]
0.909
[0.346]
1.264
[0.268]
Jarque–Bera normality test 0.958
[0.619]
0.841
[0.657]
1.383
[0.501]
1.376
[0.503]
2.778
[0.249]
3.101
[0.212]
  1. Probability values in []; BG is for Breusch–Godfrey serial correlation LM test