Table 6. Panel cointegrating regression... | Emerald Publishing

Table 6.

Panel cointegrating regression results


Variable	Coefficient	Std. error	t-statistic	Prob.
FMOLS estimators
HDI	2.051755	1.446554	1.418374	0.1584
LnMS	0.008755	0.001408	6.217853	0.0000***
FEXR	0.221922	0.084093	2.638998	0.0093***
PDOLS estimators
HDI	−0.515285	2.290422	−0.224974	0.8226
LnMS	0.009069	0.001642	5.523034	0.0000***
FEXR	0.335334	0.127309	2.634021	0.0102**


Variable	Coefficient	Std. error	t-statistic	Prob.
FMOLS estimators
HDI	2.051755	1.446554	1.418374	0.1584
LnMS	0.008755	0.001408	6.217853	0.0000***
FEXR	0.221922	0.084093	2.638998	0.0093***
PDOLS estimators
HDI	−0.515285	2.290422	−0.224974	0.8226
LnMS	0.009069	0.001642	5.523034	0.0000***
FEXR	0.335334	0.127309	2.634021	0.0102**

Note:

*** and ** indicate significance at the 1% and 5% levels, respectively