From: Asymmetric effect of exchange rate changes on cross-border trade in Nigeria
 | Lags | |
---|---|---|
 | 0 | 1 |
Panel A: short-run estimates based on ARDL | ||
 \(\Delta\) logreer_n | − 30.43** (2.71) |  |
 \(\Delta\) logybn | 6.39 (1.34) |  |
 \(\Delta\) logyng |  | − 3.42 (1.40) |
 \(\Delta\) logreer_p |  | 23.09 (1.67) |
Panel B: long-run estimate based on ARDL | ||
 Constant | − 284.30 (1.71) |  |
 Logcbt |  | − 0.96** (2.85) |
 Logreer_p |  | − 38.66 (1.92) |
 Logreer_n |  | − 42.27** (2.66) |
 Logyng |  | 3.41 (1.54) |
 Logybn |  | 9.20 (1.74) |