Table 3. Long-run determinants of GDP,...

Table 3.

Long-run determinants of GDP, 1964–2013 (dependent variable: LY)

Constant

6.465^a (353.30)

0.236^a (32.76)

0.107^b (7.305)

0.243^a (60.12)

LFK

0.039^a (8.232)

R²

0.997

C R {\hat{Z}}_{t}

−5.580^b

C R {\hat{Z}}_{α}

−31.23^c

Notes:

^{a, b}and ^cdenote significance at the 1%, 5% and 10% levels, respectively. The critical values for the Phillips–Ouliaris cointegration tests are taken from MacKinnon (1996)

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