Table 5

Regression analysis results

VariablesCoefficientt-statp-val
Haryana
GST revenue7.7952.4060.043**
GST dummy96801.242.7470.025**
C273988.65.6890.000***
Gujarat
GST revenue11.6732.5600.034**
GST dummy312526.023.8820.005***
C491904.03.6120.007***
Karnataka
GST revenue11.6647.1390.000***
GST dummy248318.497.5110.000***
C393882.66.9310.000***
Maharashtra
GST revenue13.0803.4120.009***
GST dummy267825.723.2570.012**
C779112.83.3220.011**
Punjab
GST revenue5.2143.6970.006***
GST dummy101871.468.7390.000***
C229844.49.3430.000***

Note(s): *** and ** indicates 1% and 5% significance level respectively

Source(s): Authors’ compilation

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