Long-run estimation results: (dependent variable GDP)
| Bangladesh | India | Pakistan | Sri Lanka | |||||
|---|---|---|---|---|---|---|---|---|
| Lag | (1,2,1) | (1,1,1) | (1,1,0) | (1,2,2) | ||||
| Functional format | (B_GDP/B_REN, B_UNE) | (I_GDP/I_ REN, I_UNE) | ((P_GDP/P_ REN, P_UNE) | (S_GDP/S_ REN, S_UNE) | ||||
| Coefficient | p-value | Coefficient | p-value | Coefficient | p-value | Coefficient | p-value | |
| REN | −0.085 | 0.00*** | 0.012 | 0.84 | 0.027 | 0.83 | 0.293 | 0.00*** |
| UNE | −0.398 | 0.40 | 1.475 | 0.12 | 0.067 | 0.83 | −0.819 | 0.00*** |
| C | 11.70 | 0.00*** | −5.068 | 0.58 | 2.352 | 0.73 | −8.319 | 0.08* |
| Bangladesh | India | Pakistan | Sri Lanka | |||||
|---|---|---|---|---|---|---|---|---|
| Lag | (1,2,1) | (1,1,1) | (1,1,0) | (1,2,2) | ||||
| Functional format | (B_GDP/B_REN, B_UNE) | (I_GDP/I_ REN, I_UNE) | ((P_GDP/P_ REN, P_UNE) | (S_GDP/S_ REN, S_UNE) | ||||
| Coefficient | Coefficient | Coefficient | Coefficient | |||||
| REN | −0.085 | 0.00*** | 0.012 | 0.84 | 0.027 | 0.83 | 0.293 | 0.00*** |
| UNE | −0.398 | 0.40 | 1.475 | 0.12 | 0.067 | 0.83 | −0.819 | 0.00*** |
| C | 11.70 | 0.00*** | −5.068 | 0.58 | 2.352 | 0.73 | −8.319 | 0.08* |
Note(s): ***Significant at 1% level; **significant at 5% level; and *significant at 10% level
Source(s): Findings by authors
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