Table 6 Results of DCCE Panel A: Short –... | Emerald Publishing

Table 6

Results of DCCE

Panel A: Short – run estimation		Panel B: Long – run estimation
Variable	Coefficient	Variable	Coefficient
$Δ DFII$	−0.419***	$DFII$	−0.894**
$Δ IS$	−0.864**	$IS$	−0.959**
$Δ PS$	0.021	$PS$	−0.106
$Δ PR$	0.004	$PR$	0.014
$Δ DCPS$	0.105**	$DCPS$	0.239*
${ECM}_{t - 1}$	−0.599**
$F - statistic$	6.17***	$CD$	3.22**
MGR²	68%	$Countries$	$10$
Root MSE	60%	$Observations$	$200$

Panel A: Short – run estimation		Panel B: Long – run estimation
Variable	Coefficient	Variable	Coefficient
$Δ DFII$	−0.419***	$DFII$	−0.894**
$Δ IS$	−0.864**	$IS$	−0.959**
$Δ PS$	0.021	$PS$	−0.106
$Δ PR$	0.004	$PR$	0.014
$Δ DCPS$	0.105**	$DCPS$	0.239*
${ECM}_{t - 1}$	−0.599**
$F - statistic$	6.17***	$CD$	3.22**
MGR²	68%	$Countries$	$10$
Root MSE	60%	$Observations$	$200$

Note(s):

*,

**and

***indicate statistical significance at 10, 5 and 1%, respectively

Source(s): Authors’ own work