Swiss Journal of Economics and Statistics

Table 9 Arellano-Bond test for autocorrelation of order one and two

From: How does depreciations management affect subsequent fiscal performance? The case of the Swiss cantons

	AR(1)		AR(2)
	z-stat	p value	z-stat	p value
Balance	− 1.730	0.083	0.490	0.626
Revenues	0.530	0.594	1.120	0.263
Expenses	0.140	0.890	0.350	0.728

AR(1) refers to autocorrelation of order one whereas AR(2) denotes autocorrelation of order two. H0: No autocorrelation

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