Table 5 Short-and long-run impact of ICT... | Emerald Publishing

Table 5

Short-and long-run impact of ICT on sectorial import in Nigeria

Long run				Short run
Variables	$M_{i t} T_{1}$	$M_{i t} T_{2}$	$M_{i t} T_{3}$	Variables	$M_{i t} T_{1}$	$M_{i t} T_{2}$	$M_{i t} T_{3}$
–	–	–	–	ECT	−0.0873**	−0.608***	−0.744***
–	–	–	–		(0.0378)	(0.0692)	(0.103)
${L 2 . l n Y}_{i, t}$	−3.831	0.0859	0.627***	${D . l n Y}_{i, t}$	2.652*	−1.132*	−1.181*
${L 2 . l n Y}_{i, t}$	(3.961)	(0.111)	(0.0484)		(1.419)	(0.619)	(0.693)
${L 2 . l n T}_{i, t}$	1.382	0.179***	0.415***	${D . l n T}_{i, t}$	−0.915**	−0.0129	−0.507***
${L 2 . l n T}_{i, t}$	(1.223)	(0.0240)	(0.0696)		(0.420)	(0.0470)	(0.0995)
${l n F}_{i, t}$	−171.4	15.70***	−21.55**	${D . l n F}_{i, t}$	3.069	8.679	10.84
${l n F}_{i, t}$	(181.9)	(5.849)	(8.647)		(28.34)	(19.23)	(19.61)
${L 2 . l n R}_{i, t}$	−5.496	−0.0183	0.402***	${D . l n R}_{i, t}$	2.923*	−1.236**	−1.100
${L 2 . l n R}_{i, t}$	(5.362)	(0.116)	(0.0385)		(1.621)	(0.591)	(0.675)
–	–	–	–	Constant	73.33**	−31.87***	62.75***
–	–	–	–		(31.61)	(3.672)	(8.789)
Obs	280	280	280	Obs	280	280	280

Long run				Short run
Variables	$M_{i t} T_{1}$	$M_{i t} T_{2}$	$M_{i t} T_{3}$	Variables	$M_{i t} T_{1}$	$M_{i t} T_{2}$	$M_{i t} T_{3}$
–	–	–	–	ECT	−0.0873**	−0.608***	−0.744***
–	–	–	–		(0.0378)	(0.0692)	(0.103)
${L 2 . l n Y}_{i, t}$	−3.831	0.0859	0.627***	${D . l n Y}_{i, t}$	2.652*	−1.132*	−1.181*
${L 2 . l n Y}_{i, t}$	(3.961)	(0.111)	(0.0484)		(1.419)	(0.619)	(0.693)
${L 2 . l n T}_{i, t}$	1.382	0.179***	0.415***	${D . l n T}_{i, t}$	−0.915**	−0.0129	−0.507***
${L 2 . l n T}_{i, t}$	(1.223)	(0.0240)	(0.0696)		(0.420)	(0.0470)	(0.0995)
${l n F}_{i, t}$	−171.4	15.70***	−21.55**	${D . l n F}_{i, t}$	3.069	8.679	10.84
${l n F}_{i, t}$	(181.9)	(5.849)	(8.647)		(28.34)	(19.23)	(19.61)
${L 2 . l n R}_{i, t}$	−5.496	−0.0183	0.402***	${D . l n R}_{i, t}$	2.923*	−1.236**	−1.100
${L 2 . l n R}_{i, t}$	(5.362)	(0.116)	(0.0385)		(1.621)	(0.591)	(0.675)
–	–	–	–	Constant	73.33**	−31.87***	62.75***
–	–	–	–		(31.61)	(3.672)	(8.789)
Obs	280	280	280	Obs	280	280	280

Note(s): Standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Author’s computation