Table 5 Results of short-run estimation... | Emerald Publishing

Table 5

Results of short-run estimation

ARDL (4, 2, 4, 4, 4)		Model selection method: AIC
Variable	Coefficient	Std. Error	t-Statistic	Prob. Value
ΔGDPG_t-3	0.184	0.086	2.127	0.045**
ΔFINT_t-1	2.100	0.851	2.468	0.022**
ΔFOP_t−3	−1.303	1.027	−1.269	0.218
ΔGFCF_t−3	0.750	0.225	3.335	0.003***
ΔINF_t−3	−0.062	0.023	−2.633	0.016**
ECT_t−1	−1.830	0.268	−6.841	0.000***
R²	0.944
Adjusted R²	0.908
Durbin–Watson stat	2.101
F-Statistic	7.877
Prob. (F-Statistic)	0.000

ARDL (4, 2, 4, 4, 4)		Model selection method: AIC
Variable	Coefficient	Std. Error	t-Statistic	Prob. Value
ΔGDPG_t-3	0.184	0.086	2.127	0.045**
ΔFINT_t-1	2.100	0.851	2.468	0.022**
ΔFOP_t−3	−1.303	1.027	−1.269	0.218
ΔGFCF_t−3	0.750	0.225	3.335	0.003***
ΔINF_t−3	−0.062	0.023	−2.633	0.016**
ECT_t−1	−1.830	0.268	−6.841	0.000***
R²	0.944
Adjusted R²	0.908
Durbin–Watson stat	2.101
F-Statistic	7.877
Prob. (F-Statistic)	0.000

Note(s): ***, ** and * denote significance at the 1, 5 and 10% levels, respectively