Table 6 Short-run estimation results:... | Emerald Publishing

Table 6

Short-run estimation results: (dependent variable GDP)

	Bangladesh		India		Pakistan		Sri Lanka
Lag	(1,2,1)		(1,1,1)		(1,1,0)		(1,2,2)
	Coefficient	p-value	Coefficient	p-value	Coefficient	p-value	Coefficients	p-value
∆REN	−0.095	0.26	0.635	0.01***	−0.529	0.06*	0.134	0.32
∆UNE	0.191	0.47	−0.404	0.03**	0.054	0.83	−0.309	0.00***
ECM(-1)	−0.698	0.00***	−0.859	0.00***	−0.798	0.00***	−0.746	0.00***
R2	0.502		0.578		0.424		0.772
Adj R2	0.440		0.546		0.403		0.732

	Bangladesh		India		Pakistan		Sri Lanka
Lag	(1,2,1)		(1,1,1)		(1,1,0)		(1,2,2)
	Coefficient	p-value	Coefficient	p-value	Coefficient	p-value	Coefficients	p-value
∆REN	−0.095	0.26	0.635	0.01***	−0.529	0.06*	0.134	0.32
∆UNE	0.191	0.47	−0.404	0.03**	0.054	0.83	−0.309	0.00***
ECM(-1)	−0.698	0.00***	−0.859	0.00***	−0.798	0.00***	−0.746	0.00***
R2	0.502		0.578		0.424		0.772
Adj R2	0.440		0.546		0.403		0.732

Note(s): ***Significant at 1% level; **significant at 5% level; and *significant at 10% level

Source(s): Findings by authors