Table 3 Short run results, dependent... | Emerald Publishing

Table 3

Short run results, dependent variable and inflation

Variable	Co-efficient	Standard error	p-value
L.inf	0.116^***	0.032	0.001
DigiTech	−1.173^***	0.216	0.000
MS	0.633^***	0.034	0.000
GovExp	0.091	0.100	0.369
ExtDb	0.044^***	0.004	0.000
IntRa	−0.727^***	0.054	0.000
lnExcRa	−0.906^***	0.206	0.000
Constant	7.451^***	2.505	0.005
No. of groups			34
No. of instruments			26
No. of countries			37
Prob > F			0.000
AR (1)			0.394
AR (2)			0.256
Hansen test			0.378

Variable	Co-efficient	Standard error	p-value
L.inf	0.116^***	0.032	0.001
DigiTech	−1.173^***	0.216	0.000
MS	0.633^***	0.034	0.000
GovExp	0.091	0.100	0.369
ExtDb	0.044^***	0.004	0.000
IntRa	−0.727^***	0.054	0.000
lnExcRa	−0.906^***	0.206	0.000
Constant	7.451^***	2.505	0.005
No. of groups			34
No. of instruments			26
No. of countries			37
Prob > F			0.000
AR (1)			0.394
AR (2)			0.256
Hansen test			0.378

Source(s): Authors’ construct