Error correction results (ARDL model)
| Variable | Coefficient | T ratio | Probability |
|---|---|---|---|
| Model A | f(Tt/IPt, EMt, CPIt, EPUt, EXt, GPRt) | ||
| IPt | 0.47* | 4.71 | 0.00 |
| EMt | 0.011 | 0.64 | 0.53 |
| CPIt | −0.25 | −0.54 | 0.98 |
| EPUt | −0.04 | −1.21 | 0.60 |
| EXt | −0.21 | −0.09 | 0.92 |
| GPRt | −0.91 | 1.21 | 0.91 |
| ECMt-1 | −0.14* | −3.49 | 0.002 |
| Diagnostic test R2 = 0.87 F-stat = 8.54* | |||
| DW-statistic = 2.34 | |||
| Model B | f(IPt/Tt, EMt, CPIt, EPUt, EXt, GPRt) | ||
| Tt | 0.72* | 3.49 | 0.00 |
| EMt | 0.21 | 0.11 | 0.91 |
| CPIt | −0.55 | −0.57 | −0.57 |
| EPUt | −0.32 | 1.21 | 0.33 |
| EXt | 0.02 | 0.48 | 0.63 |
| GPRt | −0.04 | 1.09 | 0.08 |
| ECMt-1 | −0.35* | −5.33 | 0.00 |
| Diagnostic test R2 = 0.66 F-stat = 12.03* | |||
| DW-statistic = 1.67 | |||
| Variable | Coefficient | T ratio | Probability |
|---|---|---|---|
| f( | |||
| 0.47* | 4.71 | 0.00 | |
| 0.011 | 0.64 | 0.53 | |
| −0.25 | −0.54 | 0.98 | |
| −0.04 | −1.21 | 0.60 | |
| −0.21 | −0.09 | 0.92 | |
| −0.91 | 1.21 | 0.91 | |
| −0.14* | −3.49 | 0.002 | |
| Diagnostic test | |||
| DW-statistic = 2.34 | |||
| f( | |||
| 0.72* | 3.49 | 0.00 | |
| 0.21 | 0.11 | 0.91 | |
| −0.55 | −0.57 | −0.57 | |
| −0.32 | 1.21 | 0.33 | |
| 0.02 | 0.48 | 0.63 | |
| −0.04 | 1.09 | 0.08 | |
| −0.35* | −5.33 | 0.00 | |
| Diagnostic test | |||
| DW-statistic = 1.67 | |||
Note: (*) Shows significance at 1% level
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.