Table 10 Fully modified ordinary least...

Table 10

Fully modified ordinary least square during-GFC

Variable	Coefficient	Std. error	t-statistic	Prob
LSUK	−2.0122	1.0598	−1.8987	0.0615*
LGFCF	30.5039	3.1246	9.7624	0.0000**
LGGFE	−38.9457	5.9543	−6.5408	0.0000**
LINF	1.9893	3.5908	0.5540	0.5812
LTOPN	−27.5799	4.4501	−6.1977	0.0000**
LFDI	−24.5337	34.9879	−0.7012	0.4854

Variable	Coefficient	Std. error	t-statistic	Prob
LSUK	−2.0122	1.0598	−1.8987	0.0615*
LGFCF	30.5039	3.1246	9.7624	0.0000**
LGGFE	−38.9457	5.9543	−6.5408	0.0000**
LINF	1.9893	3.5908	0.5540	0.5812
LTOPN	−27.5799	4.4501	−6.1977	0.0000**
LFDI	−24.5337	34.9879	−0.7012	0.4854

Note(s): The table reports FMOLS estimates for the during-GFC period, coefficients, standard errors, t-statistics and p-values for the explanatory variables are presented, with significance at 10 and 5% denoted by * and **, respectively

Source(s): Authors’ own calculations

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