Bound test approach results
| Model specification | Bangladesh | India | Pakistan | Sri Lanka | ||||
|---|---|---|---|---|---|---|---|---|
| F-Statistics | 3.940** | 6.081*** | 4.352*** | 13.989*** | ||||
| Functional Format | B_GDP=(B_GDP/B_REN, B_UNE) | I_GDP=(I_GDP/I_ REN, I_UNE) | P_GDP=(P_GDP/P_ REN, P_UNE) | S_GDP=(S_GDP/S_ REN, S_UNE) | ||||
| I (0) | I (1) | I (0) | I (1) | I (0) | I (1) | I (0) | I (1) | |
| 10% | 2.63 | 3.35 | 2.63 | 3.35 | 2.63 | 3.35 | 2.63 | 3.35 |
| 5% | 3.10 | 3.87 | 3.10 | 3.87 | 3.10 | 3.87 | 3.10 | 3.87 |
| 1% | 4.13 | 5 | 4.13 | 5 | 4.13 | 5 | 4.13 | 5 |
| Critical Values | K | 2 | K | 2 | K | 2 | K | 2 |
| Model specification | Bangladesh | India | Pakistan | Sri Lanka | ||||
|---|---|---|---|---|---|---|---|---|
| F-Statistics | 3.940** | 6.081*** | 4.352*** | 13.989*** | ||||
| Functional Format | B_GDP=(B_GDP/B_REN, B_UNE) | I_GDP=(I_GDP/I_ REN, I_UNE) | P_GDP=(P_GDP/P_ REN, P_UNE) | S_GDP=(S_GDP/S_ REN, S_UNE) | ||||
| I (0) | I (1) | I (0) | I (1) | I (0) | I (1) | I (0) | I (1) | |
| 10% | 2.63 | 3.35 | 2.63 | 3.35 | 2.63 | 3.35 | 2.63 | 3.35 |
| 5% | 3.10 | 3.87 | 3.10 | 3.87 | 3.10 | 3.87 | 3.10 | 3.87 |
| 1% | 4.13 | 5 | 4.13 | 5 | 4.13 | 5 | 4.13 | 5 |
| Critical Values | K | 2 | K | 2 | K | 2 | K | 2 |
Note(s): ***Significant at 1% level; **significant at 5% level; and *significant at 10% level
Source(s): Findings by authors
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