Table 3. Bounds test for cointegration... | Emerald Publishing

Table 3.

Bounds test for cointegration in the linear and nonlinear ARDL

Dependent variable	Test statistics	10%	5%	Outcome
ΔLog house price
		I(0)	I(1)
Linear ARDL	F_PSS = 4.57	2.42	4.16	Cointegration
ARDL(6 3 2 3 3)	t = −2.68	−2.50	−3.93	Cointegration
NADRL	F_PSS = 7.56			Cointegration
NARDL(5 3)	T_BDM = −4.19

Dependent variable	Test statistics	10%	5%	Outcome
ΔLog house price
		I(0)	I(1)
Linear ARDL	F_PSS = 4.57	2.42	4.16	Cointegration
ARDL(6 3 2 3 3)	t = −2.68	−2.50	−3.93	Cointegration
NADRL	F_PSS = 7.56			Cointegration
NARDL(5 3)	T_BDM = −4.19

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