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Table 4 PMG long-run estimates from Panel ARDL model

From: The relationship between tourism and economic growth among BRICS countries: a panel cointegration analysis

Dependent variable: economic growth

Regressor

Coefficient

Stand Error

t-value

constant

0.095

0.120

0.791

LnTR

0.311a

0.036

8.638

LnFD

0.226a

0.047

4.808

  1. Source: Authors calculations
  2. aRepresents rejection at 1% level of significance