Table V. ECM of ARDL Variables... | Emerald Publishing

Table V.

ECM of ARDL

Variables	Coefficient	Standard error	T-statistics	p-value
ECM (−1) DINST	−0.36306	0.24451	−1.4849	0.161
ECM (−1) DINF	0.020907	0.09132	0.22894	0.822
ECM (−1) DFDI	−1.1075	0.19241	−5.7558	0
ECM (−1) DGNP	0.45081	0.098565	4.5737	0
ECM (−1) DXP	−0.59946	0.11768	−5.0941	0

Variables	Coefficient	Standard error	T-statistics	p-value
ECM (−1) DINST	−0.36306	0.24451	−1.4849	0.161
ECM (−1) DINF	0.020907	0.09132	0.22894	0.822
ECM (−1) DFDI	−1.1075	0.19241	−5.7558	0
ECM (−1) DGNP	0.45081	0.098565	4.5737	0
ECM (−1) DXP	−0.59946	0.11768	−5.0941	0

Source: Own elaboration