Table 6 Estimated long run coefficients... | Emerald Publishing

Table 6

Estimated long run coefficients for selected ARDL (1, 1, 0, 1, 1, 1, 0, 1, 0) model

Regressors	Coefficient	Std. Error	t-Statistic	Prob
Dependent variable: D(LNGDPC)
POLITY2	−0.01843	0.00587	−3.13808	0.0048***
MPV	−0.00138	0.00553	−0.25016	0.8048
DEA	−0.07520	0.01553	−4.84112	0.0001***
FDI	0.01073	0.00119	9.02562	0.0000***
LNTOPEN	0.32482	0.02140	15.17793	0.0000***
POPG	0.06204	0.05447	1.13886	0.2670
INF	−0.00183	0.00091	−2.01269	0.0565*
DM₁₉₉₁	−0.47854	0.13246	−3.61270	0.0015***
DBY	−0.01000	0.00237	−4.22338	0.0003***
R-squared	0.996775	Akaike info criterion		−4.06363
Adjusted R-squared	0.994429	Schwarz criterion		−3.33849
F-statistic	424.9345	Hannan-Quinn criterion		−3.80345
Prob (F-statistic)	0.0000	Durbin–Watson stat		2.200985

Regressors	Coefficient	Std. Error	t-Statistic	Prob
Dependent variable: D(LNGDPC)
POLITY2	−0.01843	0.00587	−3.13808	0.0048***
MPV	−0.00138	0.00553	−0.25016	0.8048
DEA	−0.07520	0.01553	−4.84112	0.0001***
FDI	0.01073	0.00119	9.02562	0.0000***
LNTOPEN	0.32482	0.02140	15.17793	0.0000***
POPG	0.06204	0.05447	1.13886	0.2670
INF	−0.00183	0.00091	−2.01269	0.0565*
DM₁₉₉₁	−0.47854	0.13246	−3.61270	0.0015***
DBY	−0.01000	0.00237	−4.22338	0.0003***
R-squared	0.996775	Akaike info criterion		−4.06363
Adjusted R-squared	0.994429	Schwarz criterion		−3.33849
F-statistic	424.9345	Hannan-Quinn criterion		−3.80345
Prob (F-statistic)	0.0000	Durbin–Watson stat		2.200985

Source(s): Author's estimation using Eviews 11