Table 4 Estimation of the application... | Emerald Publishing

Table 4

Estimation of the application form for the currency using the fully corrected FM-OLS method

Dependent variable: Log (CC/M2)
Variable	Coefficient	Std. Error	t-Statistic	Prob
LOG (1+(Tx/Y))	35.2693	1.6920	20.8443	0.0000*
LOG (Ws/Y)	0.5174	0.0930	5.5657	0.0000*
(R)	−0.0784	0.0087	−9.0428	0.0000*
LOG (ES)	0.7189	0.1190	6.0397	0.0000*
LOG (GNIPC)	−1.1100	0.1311	−8.4666	0.0000*
C	1.7771	1.1508	1.5442	0.1117
R² = 0.976 Adj. R² = 0.972

Dependent variable: Log (CC/M2)
Variable	Coefficient	Std. Error	t-Statistic	Prob
LOG (1+(Tx/Y))	35.2693	1.6920	20.8443	0.0000*
LOG (Ws/Y)	0.5174	0.0930	5.5657	0.0000*
(R)	−0.0784	0.0087	−9.0428	0.0000*
LOG (ES)	0.7189	0.1190	6.0397	0.0000*
LOG (GNIPC)	−1.1100	0.1311	−8.4666	0.0000*
C	1.7771	1.1508	1.5442	0.1117
R² = 0.976 Adj. R² = 0.972

Note(s): *The variable is statistically significant at level 0.05

Source(s): Own elaboration