Effect of CBDC period on the contributors to non-oil real GDP growth: two-stage least square (2SLS) regression
| MAN | AGR | FIN | EN | ICT | PR | |
|---|---|---|---|---|---|---|
| Independent variable | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) |
| CBDC1 | 3.723** (2.66) | 2.647** (2.31) | 21.953*** (3.54) | −6.633 (−0.42) | 7.883 (1.77) | 1.770 (1.69) |
| J-statistic | 4.904 | 7.48 | 1.248 | 1.548 | 8.25 | 0.015 |
| P(J-statistic) | 0.03 | 0.01 | 0.26 | 0.21 | 0.00 | 0.90 |
| MAN | AGR | FIN | EN | ICT | PR | |
|---|---|---|---|---|---|---|
| Independent variable | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( |
| CBDC1 | 3.723** (2.66) | 2.647** (2.31) | 21.953*** (3.54) | −6.633 (−0.42) | 7.883 (1.77) | 1.770 (1.69) |
| J-statistic | 4.904 | 7.48 | 1.248 | 1.548 | 8.25 | 0.015 |
| P(J-statistic) | 0.03 | 0.01 | 0.26 | 0.21 | 0.00 | 0.90 |
Note(s): ***, ** denote statistical significance at the 1 and 5% levels
Source(s): Author computation
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