Table 3 ARDL short-run and long-run coefficient
From: Capital inflows, exchange rate and agricultural output in Nigeria
Model 1 | Model 2 | ||||
|---|---|---|---|---|---|
Dependent variable log (AO) | Dependent variable log (AO) | ||||
Variables | Short-run coefficient | Long-run coefficient | Variables | Short-run coefficient | Long-run coefficient |
log (PRCI) | 0.1294* (0.0657) | 0.5319* (0.2783) | log (PUBCI) | 0.2984*** (0.0916) | 0.5125*** (0.1019) |
log (INV) | 0.0105 (0.0807) | 0.0432 (0.316) | log (INV) | 0.2811*** (0.0877) | 0.50066*** (0.0515) |
log (REXR) | − 0.0023 (0.0959) | − 0.0093 (0.3933) | log (REXR) | − 0.3169*** (0.1114) | − 0.0442 (0.194) |
log (LAB) | 0.8066** 0.3294 | 3.3158** (0.9409) | log (LAB) | 45.7638** (20.9303) | 0.1391 (0.7866) |
Dummy | 0.1461 (0.203) | 0.6009 (0.6659) | Dummy | 0.3218* (0.1634) | 0.5798** (0.2689) |
ECT (− 1) | − 0.2433* (0.1254) | ECT (− 1) | − 0.5549*** (0.1294) | ||