Robustness testing results
| Country | F-test | Selected model | Remarks |
|---|---|---|---|
| Bangladesh | 56.33449 | ARDL (1, 0, 1, 0) | Cointegration |
| India | 10.60020 | ARDL (1, 0, 0, 1) | Cointegration |
| Nepal | 9.045825 | ARDL (1, 0, 1, 1) | Cointegration |
| Bhutan | 3.224734 | ARDL (1, 0, 0, 0) | No Cointegration |
| Thailand | 5.696052 | ARDL (1, 0, 1, 1) | Cointegration |
| Myanmar | 4.619435 | ARDL (1, 0, 0, 1) | Cointegration |
| Sri Lanka | 6.822991 | ARDL (1, 0, 1, 0) | Cointegration |
| Country | Selected model | Remarks | |
|---|---|---|---|
| Bangladesh | 56.33449 | ARDL (1, 0, 1, 0) | Cointegration |
| India | 10.60020 | ARDL (1, 0, 0, 1) | Cointegration |
| Nepal | 9.045825 | ARDL (1, 0, 1, 1) | Cointegration |
| Bhutan | 3.224734 | ARDL (1, 0, 0, 0) | No Cointegration |
| Thailand | 5.696052 | ARDL (1, 0, 1, 1) | Cointegration |
| Myanmar | 4.619435 | ARDL (1, 0, 0, 1) | Cointegration |
| Sri Lanka | 6.822991 | ARDL (1, 0, 1, 0) | Cointegration |
| Critical value (percent) | Lower bound 1(0) | Upper bound 1(1) |
|---|---|---|
| 10% | 4.428 | 5.816 |
| 5% | 3.164 | 4.194 |
| 1% | 2.618 | 3.532 |
| Critical value (percent) | Lower bound 1(0) | Upper bound 1(1) |
|---|---|---|
| 10% | 4.428 | 5.816 |
| 5% | 3.164 | 4.194 |
| 1% | 2.618 | 3.532 |
Source(s): The authors
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