Table 4. Outcomes of FMOLS, DOLS and CCR... | Emerald Publishing

Table 4.

Outcomes of FMOLS, DOLS and CCR methods

Variables	FMOLS			DOLS			CCR
Variables	Coefficient	t-statistic	Prob.	Coefficient	t-statistic	Prob.	Coefficient	t-statistic	Prob.
LnCL	0.577930	7.264687	0.0000	0.349753	1.635309	0.1243	0.601165	3.988171	0.0008
LnCF	0.655702	7.419430	0.0000	0.714075	4.897633	0.0002	0.664100	6.455193	0.0000
LnFER	−0.009813	−1.321204	0.2021	−0.007422	−0.476488	0.6411	−0.009156	−0.829829	0.4169
LnDCR	0.055078	4.844264	0.0001	0.059857	2.895553	0.0117	0.053366	3.687932	0.0016
LnEMP	0.028694	0.586447	0.5645	0.140655	0.987924	0.3400	0.012598	0.131811	0.8965
Constant	−6.434178	−5.848460	0.0000	−3.394567	−1.189360	0.2541	−6.744662	−3.307269	0.0037
TREND	0.018935	9.870021	0.0000	0.021733	4.490844	0.0005	0.018358	5.589947	0.0000
R-squared	0.998697			0.999016			0.998681
Adjusted R²	0.998286			0.998242			0.998265

Variables	FMOLS			DOLS			CCR
Variables	Coefficient	t-statistic	Prob.	Coefficient	t-statistic	Prob.	Coefficient	t-statistic	Prob.
LnCL	0.577930	7.264687	0.0000	0.349753	1.635309	0.1243	0.601165	3.988171	0.0008
LnCF	0.655702	7.419430	0.0000	0.714075	4.897633	0.0002	0.664100	6.455193	0.0000
LnFER	−0.009813	−1.321204	0.2021	−0.007422	−0.476488	0.6411	−0.009156	−0.829829	0.4169
LnDCR	0.055078	4.844264	0.0001	0.059857	2.895553	0.0117	0.053366	3.687932	0.0016
LnEMP	0.028694	0.586447	0.5645	0.140655	0.987924	0.3400	0.012598	0.131811	0.8965
Constant	−6.434178	−5.848460	0.0000	−3.394567	−1.189360	0.2541	−6.744662	−3.307269	0.0037
TREND	0.018935	9.870021	0.0000	0.021733	4.490844	0.0005	0.018358	5.589947	0.0000
R-squared	0.998697			0.999016			0.998681
Adjusted R²	0.998286			0.998242			0.998265

Source(s): Authors’ own work