How Energy Sector Reacted to COVID-19 Pandemic? Empirical Evidence from an Emerging Market Economy

Table 11

ARDL diagnosis tests.

APX
Breusch–Godfrey serial correlation LM test
F-statistic	1.956852	Prob. F(2, 111)	0.1461
ObsR-squared	4.086932	Prob. Chi-square(2)	0.1296
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	0.871964	Prob. F(6, 113)	0.5179
ObsR-squared	5.310026	Prob. Chi-square(6)	0.5047
Scaled explained SS	13.70353	Prob. Chi-square(6)	0.0331
BET-NG
Breusch–Godfrey serial correlation LM test
F-statistic	0.095708	Prob. F(2, 117)	0.9088
ObsR-squared	0.200903	Prob. Chi-square(2)	0.9044
Heteroskedasticity test: Breusch-Pagan-Godfrey
F-statistic	2.362356	Prob. F(3, 119)	0.0747
ObsR-squared	6.91355	Prob. Chi-square(3)	0.0747
Scaled explained SS	10.20941	Prob. Chi-square(3)	0.0169
EEX-B
Breusch–Godfrey serial correlation LM test
F-statistic	1.43912	Prob. F(2, 110)	0.2416
ObsR-squared	3.059835	Prob. Chi-square(2)	0.2166
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	3.030858	Prob. F(7, 112)	0.0059
ObsR-squared	19.11122	Prob. Chi-square(7)	0.0078
Scaled explained SS	36.21409	Prob. Chi-square(7)	0
EEX-P
Breusch–Godfrey serial correlation LM test
F-statistic	3.67646	Prob. F(2, 109)	0.0285
ObsR-squared	7.583398	Prob. Chi-square(2)	0.0226
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	2.361501	Prob. F(8, 111)	0.0219
ObsR-squared	17.45327	Prob. Chi-square(8)	0.0257
Scaled explained SS	36.76958	Prob. Chi-square(8)	0
EL
Breusch–Godfrey serial correlation LM test
F-statistic	0.078257	Prob. F(2, 117)	0.9248
ObsR-squared	0.164321	Prob. Chi-square(2)	0.9211
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	1.515814	Prob. F(3, 119)	0.214
ObsR-squared	4.527293	Prob. Chi-square(3)	0.2099
Scaled explained SS	8.60173	Prob. Chi-square(3)	0.0351
LNGI
Breusch–Godfrey serial correlation LM test
F-statistic	0.03895	Prob. F(2, 117)	0.9618
ObsR-squared	0.081841	Prob. Chi-square(2)	0.9599
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	0.019132	Prob. F(3, 119)	0.9964
ObsR-squared	0.059298	Prob. Chi-square(3)	0.9962
Scaled explained SS	1.165012	Prob. Chi-square(3)	0.7614
SNG
Breusch–Godfrey serial correlation LM test
F-statistic	0.210536	Prob. F(2, 115)	0.8105
ObsR-squared	0.445074	Prob. Chi-square(2)	0.8005
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	4.599008	Prob. F(4, 117)	0.0017
ObsR-squared	16.57594	Prob. Chi-square(4)	0.0023
Scaled explained SS	38.89259	Prob. Chi-square(4)	0
TEL
Breusch–Godfrey serial correlation LM test
F-statistic	0.4525	Prob. F(2, 112)	0.6372
ObsR-squared	0.969886	Prob. Chi-square(2)	0.6157
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	0.837925	Prob. F(6, 114)	0.5431
ObsR-squared	5.110863	Prob. Chi-square(6)	0.5297
Scaled explained SS	14.91187	Prob. Chi-square(6)	0.021
TGN
Breusch–Godfrey serial correlation LM test
F-statistic	0.246637	Prob. F(2, 114)	0.7818
ObsR-squared	0.525616	Prob. Chi-square(2)	0.7689
Heteroskedasticity test: Breusch–Pagan-Godfrey
F-statistic	1.580195	Prob. F(5, 116)	0.1711
ObsR-squared	7.779751	Prob. Chi-square(5)	0.1688
Scaled explained SS	10.33263	Prob. Chi-square(5)	0.0663

Source: author’s own work. Notes: for the definition of variables, please see Table 2.