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Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy
Universal Journal of Finance and Economics
| Vol 3, Issue 1
Table 5. SVARdiagnosis tests
| Test criterion | Results | P-value |
| Normality test - Jarque-Bera test (joint) | Χ2 = 18.08457 | 0.0536 |
| Autocorrelation test | LM-statistics = 52.33755 | 0.2227 |
| Heteroscedasticity Test | White-statistics = 607.4711 | 0.4075 |
Source: Author’s calculation