Results of ARDL bounds test to cointegration with structural break
| Model | Calculated F-Statistics | K | |
|---|---|---|---|
| LTRC = f (SEA, SE, FDI, LDSP, CPI, 2002) | 7.412*** | 6 | |
| Critical values for Case II: restricted constant and no trend | I(0) | I(1) | |
| 10% | 2.254 | 3.388 | |
| 5% | 2.685 | 3.960 | |
| 1% | 3.713 | 5.326 | |
| Model | |||
|---|---|---|---|
| 7.412*** | 6 | ||
| Critical values for Case II: restricted constant and no trend | |||
| 10% | 2.254 | 3.388 | |
| 5% | 2.685 | 3.960 | |
| 1% | 3.713 | 5.326 | |
Note(s): Critical bounds values are provided by Narayan (2005) for finite sample typical of this study. Asterisk (***) denotes significance at 1% level. K denotes the number of explanatory variables
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