The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks
Table 4
VAR lag order selection criteria.
VAR lag order selection criteria
Lag
LR
FPE
AIC
SC
HQ
0
245.5326
NA
−3.911816
−3.843584
−3.884099
1
585.0314
657.0944
−9.242442
−8.969512
−9.131571
2
600.3055
28.82361
−9.343637
−8.866008
−9.149613
3
615.0278
27.07002
−9.435932
−8.753605
−9.158755
4
624.1486
16.32916
−9.437880
−8.550856
−9.077550
5
627.3032
5.495216
−9.343600
−8.251878
−8.900117
6
633.6844
10.80681
−9.301361
−8.004941
−8.774725
7
635.0608
2.264400
−9.178400
−7.677282
−8.568610
8
642.5061
11.88850
−9.153324
−7.447509
−8.460382
indicates lag order selected by the criterion; LR: sequential modified LR test statistic (each test at 5% level); FPE: final prediction error; AIC: Akaike information criterion; SC: Schwarz information criterion; HQ: Hannan-Quinn information criterion.