Table 3 Long and short runs coefficients... | Emerald Publishing

Table 3

Long and short runs coefficients of the ARDL model

D.LnFDI	Coeff.	Std.Error	t-statistic	p > t	[95%Con	Interval]
ECM(-1)	−0.562	0.117	−4.820	0.000	−0.800	−0.324
Long-run Coefficients
LnTRADE	0.011	0.013	0.890	0.382	−0.015	0.037
EXCH	−0.116	0.509	−0.230	0.821	−1.152	0.921
RGDP	0.011	0.108	0.100	0.918	−0.209	0.231
CTR	−0.350	0.061	−5.780	0.000	−0.474	−0.227
Short-run Coefficients
LnTRADE
D1	0.025	0.015	1.610	0.118	−0.007	0.056
EXCH
D1	−0.680	0.842	−0.810	0.425	−2.394	1.034
RGDP
D1	−0.013	0.047	−0.290	0.777	−0.109	0.082
CTR
D1	0.104	0.036	2.890	0.007	0.031	0.177
Cons	7.272	1.652	4.400	0.000	3.907	10.637

D.LnFDI	Coeff.	Std.Error	t-statistic	p > t	[95%Con	Interval]
ECM(-1)	−0.562	0.117	−4.820	0.000	−0.800	−0.324
Long-run Coefficients
LnTRADE	0.011	0.013	0.890	0.382	−0.015	0.037
EXCH	−0.116	0.509	−0.230	0.821	−1.152	0.921
RGDP	0.011	0.108	0.100	0.918	−0.209	0.231
CTR	−0.350	0.061	−5.780	0.000	−0.474	−0.227
Short-run Coefficients
LnTRADE
D1	0.025	0.015	1.610	0.118	−0.007	0.056
EXCH
D1	−0.680	0.842	−0.810	0.425	−2.394	1.034
RGDP
D1	−0.013	0.047	−0.290	0.777	−0.109	0.082
CTR
D1	0.104	0.036	2.890	0.007	0.031	0.177
Cons	7.272	1.652	4.400	0.000	3.907	10.637

Source(s): Author's Computation using Stata