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Table 9.

Tests for long-run causality.

Weak exogeneity of BODWeak exogeneity of inequality
Model 1 6.91** 8.79** 
Model 2 6.92** 7.31** 
Model 3 10.39** 4.25** 
Weak exogeneity of BODWeak exogeneity of inequality
Model 1 6.91** 8.79** 
Model 2 6.92** 7.31** 
Model 3 10.39** 4.25** 

**Rejection of the null hypothesis of weak exogeneity at the 5% level.

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