Table 4 Long-run and short-run results...

Table 4

Long-run and short-run results

Regressors	Poverty measured by household consumption expenditure (HCX) (1,0,0,1,0)		Poverty measured by life expectancy expenditure (LE) (1, 0, 0, 1, 2)
Regressors	Coefficient	T-ratio	Coefficient	T-ratio
Panel A – long-run results
C	50.576^***	6.647	9.095	0.670
ELEC	0.259^**	2.446	0.554^**	1.897
EDU	0.975^***	4.293	−0.105	−0.221
TOP	−0.142^**	2.260	0.129	0.991
INFL	−0.199	0.903	0.881^**	2.026
Panel B – short-run results
ΔELEC	0.212^***	2.913	0.118^**	2.436
ΔEDU	0.795^***	4.968	−0.023	0.227
ΔTOP	0.026	0.553	−0.062^**	−2.459
ΔINFL	−0.1626	−0.933	−0.195^*	−1.195
ECM (−1)	−0.816^**	−5.564	−0.213^***	−3.608
	R-squared – 0.667		R-squared – 0.635
	S.E of Regression – 2.021		S.E of Regression – 0.946
	Akaike Info Criterion – −66.684		Akaike Info Criterion – −44.556
	R-Bar Squared – 0.580		R-Bar Squared – 0.500
	F-Stat (5, 24) – 9.220[0.000]		F-Stat (6, 23) – 6.100[0.001]
	Schwarz Bayesian Criterion – −71.588		Schwarz Bayesian Criterion – −50.861
	DW-statistic – 2.164		DW-statistic – 1.688

Regressors	Poverty measured by household consumption expenditure (HCX) (1,0,0,1,0)		Poverty measured by life expectancy expenditure (LE) (1, 0, 0, 1, 2)
Regressors	Coefficient	T-ratio	Coefficient	T-ratio
Panel A – long-run results
C	50.576^***	6.647	9.095	0.670
ELEC	0.259^**	2.446	0.554^**	1.897
EDU	0.975^***	4.293	−0.105	−0.221
TOP	−0.142^**	2.260	0.129	0.991
INFL	−0.199	0.903	0.881^**	2.026
Panel B – short-run results
ΔELEC	0.212^***	2.913	0.118^**	2.436
ΔEDU	0.795^***	4.968	−0.023	0.227
ΔTOP	0.026	0.553	−0.062^**	−2.459
ΔINFL	−0.1626	−0.933	−0.195^*	−1.195
ECM (−1)	−0.816^**	−5.564	−0.213^***	−3.608
	R-squared – 0.667		R-squared – 0.635
	S.E of Regression – 2.021		S.E of Regression – 0.946
	Akaike Info Criterion – −66.684		Akaike Info Criterion – −44.556
	R-Bar Squared – 0.580		R-Bar Squared – 0.500
	F-Stat (5, 24) – 9.220[0.000]		F-Stat (6, 23) – 6.100[0.001]
	Schwarz Bayesian Criterion – −71.588		Schwarz Bayesian Criterion – −50.861
	DW-statistic – 2.164		DW-statistic – 1.688

Note(s): ^*, ^** and ^*** indicates significance of variables at 10, 5 and 1% level of significance, respectively

Source(s): Table by the author

Sharing Unavailable