F-statistics for testing the existence of long-run relationship (variable addition test)
| VARIABLE | F-statistics | Critical value lower-bound | Critical value upper-bound |
|---|---|---|---|
| DESTIC | 4.1053* | 2.476 | 3.646 |
| DINTR | 0.71704 | 2.476 | 3.646 |
| DEXR | 2.7334 | 2.476 | 3.646 |
| DCPI | 2.0699 | 2.476 | 3.646 |
| DOILP | 3.1897 | 2.476 | 3.646 |
| DGLDP | 2.8010 | 2.476 | 3.646 |
| VARIABLE | Critical value lower-bound | Critical value upper-bound | |
|---|---|---|---|
| DESTIC | 4.1053 | 2.476 | 3.646 |
| DINTR | 0.71704 | 2.476 | 3.646 |
| DEXR | 2.7334 | 2.476 | 3.646 |
| DCPI | 2.0699 | 2.476 | 3.646 |
| DOILP | 3.1897 | 2.476 | 3.646 |
| DGLDP | 2.8010 | 2.476 | 3.646 |
Notes: The critical values are taken from Pesaran et al. (2001), unrestricted intercept and no trend with five regressors;
denotes rejecting the null at the 5% level
Source: Own elaboration
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