Table 3.

Results of ARDL-bounds test

SignificanceI(0)I(1)
Critical values bounds  
10%1.992.9
5%2.273.3
2.50%2.553.6
1%2.883.9
Diagnostic test  
R-squared0.999240
Adjusted R-squared0.998321
F-statistic6.008453
Prob (F-statistic)0.000000

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