ARDL bounds cointegration results for non-mining town
| ARDL equation | F-statistic | Bounds | 1% | 2.5% | 5% | 10% |
|---|---|---|---|---|---|---|
| LnHPTnm = F(LnMPGDP, LnTE, LnHS, LnCPI, LnHLR) | 10.61*** | Lower bound | 3.06 | 2.70 | 2.39 | 2.08 |
| 10.61*** | Upper bound | 4.15 | 3.73 | 3.38 | 3.00 |
| ARDL equation | F-statistic | Bounds | 1% | 2.5% | 5% | 10% |
|---|---|---|---|---|---|---|
| LnHPTnm = F(LnMPGDP, | 10.61 | Lower bound | 3.06 | 2.70 | 2.39 | 2.08 |
| 10.61 | 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 nm denotes non-mining town
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