Table 2.

ARDL bounds test for cointegration results

Critical value bounds of F-statistic
95%90%
F-statisticLower boundUpper boundsLower boundUpper bounds
4.5912.623.792.263.35

Note:

FFDI (LNFDI|LNINDEX, LNTO, LNINFL, LNGDP, LNEXC)

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