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Table 5 PMG short-run estimates

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

Dependent variable: economic growth
Regressor Coefficient Stand Error t-ratio
∆LnTR(−1) 0.091b 0.043 2.116
∆lnFD 0.025 0.018 1.388
∆LnFD(−1) 0.049b 0.023 2.107
ECT(−1) − 0.434a 0.130 3.334
  1. Source: Authors calculations
  2. aRepresents 1% significant level, respectively, and bRepresents 5%