Table 5 Long-run and short-run results
From: Do foreign aid triggers economic growth in Chad? A time series analysis
Dependent variable | Analysis | Regressors | Coefficient | Error term | T-statistics |
|---|---|---|---|---|---|
GDP | Long-run | ODA | 0.048 | 0.059 | 0.814 |
GCF | 0.160 | 0.086 | 1.851 | ||
IMP | 0.179 | 0.062 | 2.862** | ||
EXP | 0.286 | 0.052 | 5.422* | ||
DUM | − 0.145 | 0.022 | − 6.549* | ||
GDP | Short-Run | ECM(-) | − 0.566 | 0.036 | − 15.66* |
Diagnostic tests | |||||
 χ2 Heteroscedasticity | 0.68 (0.75) |  |  |  |  |
 χ2 Ramsey | 0.77 (0.49) |  |  |  |  |
 χ2 Normality | 0.61 (0.73) |  |  |  |  |
 χ2 LM | 2.02 (0.25) |  |  |  |  |
Stability check | |||||
 CUSUM Test | Stable at 5% level |  |  |  | |
 CUSUM Sq Test | Stable at 5% level |  |  |  | |