Short- and long-run ARDL results for non-mining town
| Short-run estimates | Coefficients | p-value |
|---|---|---|
| lnHPTnm (−1) | 0.59 | 0.00*** |
| lnHPTnm (−2) | 0.20 | 0.21 |
| lnHPTnm (−3) | 0.21 | 0.11 |
| lnMPGDP | −9.01 | 0.26 |
| lnMPGDP (−1) | 1.05 | 0.87 |
| lnMPGDP (−2) | 2.04 | 0.00*** |
| lnMPGDP (−3) | 1.95 | 0.02** |
| LnMPGDP (−4) | 1.70 | 0.02** |
| LnTE | 3.91 | 0.17 |
| LnTE (−1) | 0.04 | 0.99 |
| LnTE (−2) | 1.43 | 0.68 |
| LnTE (−3) | −1.89 | 0.58 |
| LnTE (−4) | −5.08 | 0.08* |
| LnHS | −0.31 | 0.01** |
| LnCPI | 0.15 | 0.71 |
| LnCPI (−1) | 0.57 | 0.39 |
| LnCPI (−2) | 0.92 | 0.17 |
| LnCPI (−3) | −1.29 | 0.01** |
| LnHLR | −0.16 | 0.00*** |
| C | 1.14 | 0.11 |
| Long-run estimates | ||
| lnMPGDP | −93.29 | 0.83 |
| lnTE | 3.04 | 0.85 |
| lnHS | 60.65 | 0.84 |
| lnCPI | −9.20 | 0.82 |
| LnHLR | 30.84 | 0.84 |
| C | −218.85 | 0.85 |
| Short-run estimates | Coefficients | |
|---|---|---|
| lnHPTnm (−1) | 0.59 | 0.00 |
| lnHPTnm (−2) | 0.20 | 0.21 |
| lnHPTnm (−3) | 0.21 | 0.11 |
| lnMPGDP | −9.01 | 0.26 |
| lnMPGDP (−1) | 1.05 | 0.87 |
| lnMPGDP (−2) | 2.04 | 0.00 |
| lnMPGDP (−3) | 1.95 | 0.02 |
| LnMPGDP (−4) | 1.70 | 0.02 |
| LnTE | 3.91 | 0.17 |
| LnTE (−1) | 0.04 | 0.99 |
| LnTE (−2) | 1.43 | 0.68 |
| LnTE (−3) | −1.89 | 0.58 |
| LnTE (−4) | −5.08 | 0.08 |
| LnHS | −0.31 | 0.01 |
| LnCPI | 0.15 | 0.71 |
| LnCPI (−1) | 0.57 | 0.39 |
| LnCPI (−2) | 0.92 | 0.17 |
| LnCPI (−3) | −1.29 | 0.01 |
| LnHLR | −0.16 | 0.00 |
| C | 1.14 | 0.11 |
| lnMPGDP | −93.29 | 0.83 |
| lnTE | 3.04 | 0.85 |
| lnHS | 60.65 | 0.84 |
| lnCPI | −9.20 | 0.82 |
| LnHLR | 30.84 | 0.84 |
| C | −218.85 | 0.85 |
Note:
***; ** and * denote that variable is statistically significant at the 1, 5 and 10% significance level, respectively
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