Table 4 Panel FMOLS and DOLS results... | Emerald Publishing

Table 4

Panel FMOLS and DOLS results

Dependent variable	Independent variable	Method
		FMOLS		DOLS
		Co-efficients	t-Statistic	Co-efficients	t-Statistic
GDP	ICT	0.0466	8.5289***	0.0428	7.1827***
	FD	1.0106	8.9989***	0.8942	7.0994***
	INF	−0.0004	−3.3917***	−0.0008	−2.2845**
	TRD	0.0148	0.7106	0.0299	1.3103

Dependent variable	Independent variable	Method
		FMOLS		DOLS
		Co-efficients	t-Statistic	Co-efficients	t-Statistic
GDP	ICT	0.0466	8.5289***	0.0428	7.1827***
	FD	1.0106	8.9989***	0.8942	7.0994***
	INF	−0.0004	−3.3917***	−0.0008	−2.2845**
	TRD	0.0148	0.7106	0.0299	1.3103

Note(s): FMOLS, fully modified least squares; DOLS, dynamic ordinary least squares. ***, ** denotes significance at 1 and 5% levels, respectively

Source(s): Own elaboration