Table 6 Long-run asymmetric NARDL...

Table 6

Long-run asymmetric NARDL results with structural break

Variable	Coefficient	Std. error	t-statistic	p-value
LGDPPC_POS	1.593***	0.382	4.166	0.000
LGDPPC_NEG	1.429***	0.384	3.723	0.000
LCPI_POS	3.389***	1.078	3.143	0.002
LCPI_NEG	−1.440	0.974	−1.478	0.144
INTER_POS	−0.201**	0.076	−2.634	0.010
INTER_NEG	0.181***	0.059	3.051	0.003

Variable	Coefficient	Std. error	t-statistic	p-value
LGDPPC_POS	1.593***	0.382	4.166	0.000
LGDPPC_NEG	1.429***	0.384	3.723	0.000
LCPI_POS	3.389***	1.078	3.143	0.002
LCPI_NEG	−1.440	0.974	−1.478	0.144
INTER_POS	−0.201**	0.076	−2.634	0.010
INTER_NEG	0.181***	0.059	3.051	0.003

Note(s): *, **, and *** denote rejection at the 10%, 5%, and 1% level, respectively

Source(s): Authors' calculations; created by authors

Sharing Unavailable