Table 4. Long-run relationship of the... | Emerald Publishing

Table 4.

Long-run relationship of the variables estimated using VECM

The dependent variable: LNEGt
Regressors	Coefficient	Standard Error	t-statistics
LNREM_t	−0.242357	0.03709	6.56634***
LNFDI_t	0.094125	0.02241	4.19974***
LNODA_t	0.136915	0.03248	4.21560***
LNTRADE_t	0.498246	0.04259	11.6975***
CONSTANT	8.229450

The dependent variable: LNEGt
Regressors	Coefficient	Standard Error	t-statistics
LNREM_t	−0.242357	0.03709	6.56634***
LNFDI_t	0.094125	0.02241	4.19974***
LNODA_t	0.136915	0.03248	4.21560***
LNTRADE_t	0.498246	0.04259	11.6975***
CONSTANT	8.229450

Note:

***Significant at 1%