Bounds test for co-integration analysis
| Bounds test statistic | Value | Bound | Significance level | ||
|---|---|---|---|---|---|
| 10% | 5% | 1% | |||
| F-statistic | 13.52816 | I(0) | 1.88 | 2.14 | 2.65 |
| K | 9 | I(1) | 2.99 | 3.3 | 3.97 |
| t-statistic | −6.49752 | I(0) | −2.57 | −2.86 | −3.43 |
| I(1) | −4.56 | −4.88 | −5.54 | ||
| Selected Model | ARDL (1, 1, 0, 1, 1, 1, 0, 1, 0) | ||||
| lag selection method | Akaike info criterion (AIC) | ||||
| Bounds test statistic | Value | Bound | Significance level | ||
|---|---|---|---|---|---|
| 10% | 5% | 1% | |||
| 13.52816 | I(0) | 1.88 | 2.14 | 2.65 | |
| 9 | I(1) | 2.99 | 3.3 | 3.97 | |
| −6.49752 | I(0) | −2.57 | −2.86 | −3.43 | |
| I(1) | −4.56 | −4.88 | −5.54 | ||
| Selected Model | ARDL (1, 1, 0, 1, 1, 1, 0, 1, 0) | ||||
| lag selection method | Akaike info criterion (AIC) | ||||
Source(s): Author's estimation using Eviews 11
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