\({\text{Dependent}}\,{\text{variable:}} \log {\text{RGDP}}\) \({\text{Selected}}\,{\text{model: ARDL}}\left( {1, 2, 0, 0, 0, 0, 2} \right)\) \({\text{Cointegrating}}\,{\text{form}}\) | ||||
---|---|---|---|---|
Variable | Coefficient | SE | t statistic | Prob. |
\(D\left( {\log {\text{RGCF}}} \right)\) | − 0.010106 | 0.060996 | − 0.165688 | 0.8702 |
\(D\left( {\log {\text{RGCF}}\left( { - 1} \right)} \right)\) | 0.196785 | 0.067095 | 2.932922 | 0.0089* |
\(D\left( {{\text{CPS}} \left( {\% {\text{GDP}}} \right)} \right)\) | 0.005711 | 0.006792 | 0.840821 | 0.4115 |
\(D\left( {{\text{TRADE}}\left( {\% {\text{GDP}}} \right)} \right)\) | − 0.001128 | 0.001120 | − 1.007096 | 0.3272 |
\(D\left( {M_{2} \left( {\% {\text{GDP}}} \right)} \right)\) | − 0.004978 | 0.006435 | − 0.773634 | 0.4492 |
\(D\left( {\log {\text{CPI}}} \right)\) | 0.000599 | 0.000585 | 1.024949 | 0.3190 |
\(D\left( {\text{POPG}} \right)\) | 7.422624 | 2.057226 | 3.608073 | 0.0020* |
\(D\left( {{\text{POPG}}\left( { - 1} \right)} \right)\) | − 7.035549 | 1.842623 | − 3.818225 | 0.0013* |
\(D(@{\text{TREND}}())\) | 0.028699 | 0.005876 | 4.883939 | 0.0001* |
\({\text{ECM}}\left( { - 1} \right)\) | − 0.523384 | 0.168777 | − 3.101032 | 0.0062* |