ARDL bounds cointegration results for mining town
| ARDL equation | F-statistic | Bounds | 1% | 2.5% | 5% | 10% |
|---|---|---|---|---|---|---|
| LnHPTm = F(LnMPGDP, LnTE, LnHS, LnCPI, LnHLR) | 7.24*** | Lower bound | 3.06 | 2.70 | 2.39 | 2.08 |
| 7.24*** | Upper bound | 4.15 | 3.73 | 3.38 | 3.00 |
| ARDL equation | F-statistic | Bounds | 1% | 2.5% | 5% | 10% |
|---|---|---|---|---|---|---|
| LnHPTm = F(LnMPGDP, | 7.24 | Lower bound | 3.06 | 2.70 | 2.39 | 2.08 |
| 7.24 | Upper bound | 4.15 | 3.73 | 3.38 | 3.00 |
Notes:
***; ** and * denote there is cointegration at 1, 5 and 10% significance level respectively; subscript m denotes mining town
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