Short-run error correction model
| Variable | Coefficient | T-ratio | P |
|---|---|---|---|
| Panel A | |||
| D(LNGDP) | 0.779865 | 3.858702 | 0.0006 |
| D(LNGDP(-1)) | 0.515616 | 2.543017 | 0.0170 |
| D(LNIN) | 0.428292 | 1.992595 | 0.04465 |
| D(LNIN(-1)) | 0.561635 | 2.885137 | 0.0076 |
| ECM(-1)* | −0.305950 | −4.966032 | 0.0000 |
| Panel B: Reliability check | |||
| R-squared | 0.676913 | ||
| DW statistic | 1.964022 | ||
| Serial correlation | 2.25 (0.9792) | ||
| Normality | 0.973 | ||
| Heteroscedasticity | 5.42 (0.0132) | ||
| Variable | Coefficient | ||
|---|---|---|---|
| D(LNGDP) | 0.779865 | 3.858702 | 0.0006 |
| D(LNGDP(-1)) | 0.515616 | 2.543017 | 0.0170 |
| D(LNIN) | 0.428292 | 1.992595 | 0.04465 |
| D(LNIN(-1)) | 0.561635 | 2.885137 | 0.0076 |
| ECM(-1)* | −0.305950 | −4.966032 | 0.0000 |
| 0.676913 | |||
| DW statistic | 1.964022 | ||
| Serial correlation | 2.25 (0.9792) | ||
| Normality | 0.973 | ||
| Heteroscedasticity | 5.42 (0.0132) | ||
Note(s): * and **represent significance level at 1 and 5%. In panel B, figures in the parentheses are the p-values