Table 6 VECM on BIMSTEC countries...

Table 6

VECM on BIMSTEC countries

	Variables	ECT		D(GDP(−1))		D(FDI(−1))		D(IMP(−1))		D(EMP(−1))		C
Bangladesh	D(GDP)	−0.214266	[−4.02762]	0.917524	[9.05506]	−0.008766	[−2.54161]	−0.012573	[−3.42408]	0.002617	[0.57818]	35.31178	[4.08137]
	D(FDI)	−0.534299	[−0.59300]	−1.435493	[−2.83647]	−0.346028	[−1.26228]	−0.028292	[−0.45494]	0.021628	[0.28212]	208.7713	[1.42473]
	D(IMP)	14.01002	[2.18458]	40.8062	[3.34067]	1.203721	[0.61692]	0.580051	[1.31042]	−0.591918	[−1.08475]	−429.3376	[−0.41164]
	D(EMP)	−0.278326	[−0.08438]	15.36219	[2.44518]	1.721931	[1.71580]	0.176116	[0.77356]	−0.373597	[−1.33114]	812.5358	[1.51465]
India	D(GDP)	0.002734	[0.10032]	0.407372	[1.49008]	0.002066	[0.77162]	−0.001452	[−1.60647]	0.001092	[0.88305]	49.37766	[2.34404]
	D(FDI)	−0.921374	[−0.43331]	39.11542	[2.83358]	0.003815	[0.01826]	−0.12619	[−1.78936]	0.131416	[1.36133]	−239.2814	[−0.14557]
	D(IMP)	31.56728	[3.04933]	313.2996	[3.01657]	−1.450039	[−1.42548]	−0.393283	[−1.14546]	0.819794	[1.74429]	−2750.671	[−0.34372]
	D(EMP)	10.66153	[1.19913]	190.762	[2.13859]	−1.880653	[−2.15264]	−0.082173	[−0.27867]	0.128621	[0.31864]	8938.775	[1.30056]
Nepal	D(GDP)	−0.058935	[−0.76748]	−0.217529	[−0.79188]	0.652476	[3.10358]	0.04161	[1.72398]	−0.112782	[−1.64265]	28.10844	[3.58952]
	D(FDI)	−0.344906	[−5.02429]	0.543982	[2.21518]	−0.176205	[−0.93755]	−0.084814	[−3.93083]	0.004605	[0.12071]	29.54362	[4.22030]
	D(IMP)	−1.302848	[−0.84398]	−7.364033	[−1.33354]	11.52289	[2.72649]	0.789013	[1.62616]	−1.176449	[−1.37125]	419.0402	[2.66195]
	D(EMP)	0.784025	[1.54398]	−1.070578	[−3.58936]	−0.823329	[−0.59223]	0.260111	[1.62971]	−0.502316	[−1.77990]	32.38921	[0.62549]
Thailand	D(GDP)	−0.111353	[−0.91350]	0.854155	[2.66635]	0.016528	[0.67958]	−0.012755	[−1.48739]	0.005637	[0.43630]	87.5175	[0.92654]
	D(FDI)	−0.200441	[−4.15749]	−1.454035	[−3.44232]	0.280039	[1.12208]	−0.07428	[−0.84413]	0.047181	[0.35585]	438.1794	[0.45207]
	D(IMP)	1.744059	[0.20886]	40.52191	[1.84650]	−0.23889	[−0.14338]	−1.01207	[−1.72283]	0.919982	[1.03937]	−693.3019	[−0.10714]
	D(EMP)	−0.363737	[−0.06936]	31.76548	[2.30493]	0.208285	[0.19907]	−0.922312	[−1.50008]	0.766868	[1.37961]	3795.704	[0.93408]
Myanmar	D(GDP)	−0.198979	[1.35866]	0.218207	[1.00437]	0.074296	[2.30094]	−0.052134	[−2.07049]	0.057381	[1.26642]	43.16152	[1.76343]
	D(FDI)	−0.519811	[−0.39632]	3.892794	[2.00069]	−1.04868	[−3.62639]	0.58874	[2.61076]	−0.469991	[−1.07279]	−220.6403	[−1.00655]
	D(IMP)	1.010173	[0.15600]	−4.463516	[−0.46464]	−0.592342	[−0.41488]	0.868756	[0.78030]	−1.147766	[−1.02527]	1991.274	[1.83993]
	D(EMP)	10.66075	[1.59539]	−14.38186	[−1.45083]	1.593414	[1.08154]	−1.213798	[−1.05651]	0.770971	[0.66740]	2708.239	[2.42506]
Sri Lanka	D(GDP)	−0.014902	[−0.29451]	1.049432	[4.55944]	0.034846	[2.17298]	−0.060138	[−1.94806]	−0.07863	[−1.14675]	85.16197	[2.28877]
	D(FDI)	0.226942	[2.44583]	0.914871	[2.16751]	0.283533	[0.76752]	0.014039	[0.24800]	−0.131883	[−1.04884]	−39.54349	[−0.57953]
	D(IMP)	1.924749	[3.72868]	9.605984	[4.09084]	2.28231	[1.11053]	−0.573339	[−1.82045]	0.28212	[0.40330]	−328.839	[−0.86627]
	D(EMP)	0.307752	[1.23154]	4.177127	[3.67464]	1.316608	[1.32336]	−0.47225	[−3.09745]	0.210618	[0.62195]	246.7809	[1.34291]

	Variables	ECT		D(GDP(−1))		D(FDI(−1))		D(IMP(−1))		D(EMP(−1))		C
Bangladesh	D(GDP)	−0.214266	[−4.02762]	0.917524	[9.05506]	−0.008766	[−2.54161]	−0.012573	[−3.42408]	0.002617	[0.57818]	35.31178	[4.08137]
	D(FDI)	−0.534299	[−0.59300]	−1.435493	[−2.83647]	−0.346028	[−1.26228]	−0.028292	[−0.45494]	0.021628	[0.28212]	208.7713	[1.42473]
	D(IMP)	14.01002	[2.18458]	40.8062	[3.34067]	1.203721	[0.61692]	0.580051	[1.31042]	−0.591918	[−1.08475]	−429.3376	[−0.41164]
	D(EMP)	−0.278326	[−0.08438]	15.36219	[2.44518]	1.721931	[1.71580]	0.176116	[0.77356]	−0.373597	[−1.33114]	812.5358	[1.51465]
India	D(GDP)	0.002734	[0.10032]	0.407372	[1.49008]	0.002066	[0.77162]	−0.001452	[−1.60647]	0.001092	[0.88305]	49.37766	[2.34404]
	D(FDI)	−0.921374	[−0.43331]	39.11542	[2.83358]	0.003815	[0.01826]	−0.12619	[−1.78936]	0.131416	[1.36133]	−239.2814	[−0.14557]
	D(IMP)	31.56728	[3.04933]	313.2996	[3.01657]	−1.450039	[−1.42548]	−0.393283	[−1.14546]	0.819794	[1.74429]	−2750.671	[−0.34372]
	D(EMP)	10.66153	[1.19913]	190.762	[2.13859]	−1.880653	[−2.15264]	−0.082173	[−0.27867]	0.128621	[0.31864]	8938.775	[1.30056]
Nepal	D(GDP)	−0.058935	[−0.76748]	−0.217529	[−0.79188]	0.652476	[3.10358]	0.04161	[1.72398]	−0.112782	[−1.64265]	28.10844	[3.58952]
	D(FDI)	−0.344906	[−5.02429]	0.543982	[2.21518]	−0.176205	[−0.93755]	−0.084814	[−3.93083]	0.004605	[0.12071]	29.54362	[4.22030]
	D(IMP)	−1.302848	[−0.84398]	−7.364033	[−1.33354]	11.52289	[2.72649]	0.789013	[1.62616]	−1.176449	[−1.37125]	419.0402	[2.66195]
	D(EMP)	0.784025	[1.54398]	−1.070578	[−3.58936]	−0.823329	[−0.59223]	0.260111	[1.62971]	−0.502316	[−1.77990]	32.38921	[0.62549]
Thailand	D(GDP)	−0.111353	[−0.91350]	0.854155	[2.66635]	0.016528	[0.67958]	−0.012755	[−1.48739]	0.005637	[0.43630]	87.5175	[0.92654]
	D(FDI)	−0.200441	[−4.15749]	−1.454035	[−3.44232]	0.280039	[1.12208]	−0.07428	[−0.84413]	0.047181	[0.35585]	438.1794	[0.45207]
	D(IMP)	1.744059	[0.20886]	40.52191	[1.84650]	−0.23889	[−0.14338]	−1.01207	[−1.72283]	0.919982	[1.03937]	−693.3019	[−0.10714]
	D(EMP)	−0.363737	[−0.06936]	31.76548	[2.30493]	0.208285	[0.19907]	−0.922312	[−1.50008]	0.766868	[1.37961]	3795.704	[0.93408]
Myanmar	D(GDP)	−0.198979	[1.35866]	0.218207	[1.00437]	0.074296	[2.30094]	−0.052134	[−2.07049]	0.057381	[1.26642]	43.16152	[1.76343]
	D(FDI)	−0.519811	[−0.39632]	3.892794	[2.00069]	−1.04868	[−3.62639]	0.58874	[2.61076]	−0.469991	[−1.07279]	−220.6403	[−1.00655]
	D(IMP)	1.010173	[0.15600]	−4.463516	[−0.46464]	−0.592342	[−0.41488]	0.868756	[0.78030]	−1.147766	[−1.02527]	1991.274	[1.83993]
	D(EMP)	10.66075	[1.59539]	−14.38186	[−1.45083]	1.593414	[1.08154]	−1.213798	[−1.05651]	0.770971	[0.66740]	2708.239	[2.42506]
Sri Lanka	D(GDP)	−0.014902	[−0.29451]	1.049432	[4.55944]	0.034846	[2.17298]	−0.060138	[−1.94806]	−0.07863	[−1.14675]	85.16197	[2.28877]
	D(FDI)	0.226942	[2.44583]	0.914871	[2.16751]	0.283533	[0.76752]	0.014039	[0.24800]	−0.131883	[−1.04884]	−39.54349	[−0.57953]
	D(IMP)	1.924749	[3.72868]	9.605984	[4.09084]	2.28231	[1.11053]	−0.573339	[−1.82045]	0.28212	[0.40330]	−328.839	[−0.86627]
	D(EMP)	0.307752	[1.23154]	4.177127	[3.67464]	1.316608	[1.32336]	−0.47225	[−3.09745]	0.210618	[0.62195]	246.7809	[1.34291]

Source(s): The authors

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