Table 5 The short run and the long run pooled mean group (PMG)/ARDL results.
Variable | Coefficient | SE | t-Statistics | Prob |
|---|---|---|---|---|
C | 21.10537 | 1.338246 | 15.77092 | 0.2820 |
Δ(DPS) | − 12.81007 | 1.189923 | − 10.76547 | 0.0000*** |
Δ(MKV) | 1.541583 | 0.888789 | 1.736232 | 0.0833*** |
Δ LOG(PPE) | − 1.553772 | 2.227827 | − 0.697438 | 0.4858 |
Δ LOG(GDP) | − 2.237384 | 3.626942 | 0.616879 | 0.5375 |
ECM (− 1) | − 0.709112 | 0.046167 | − 15.35972 | 0.0000*** |
DPS | 0.516220 | 0.175035 | 2.94924 | 0.0033*** |
MKV | 0.557965 | 0.191960 | 2.912135 | 0.0038*** |
LOG(PPE) | 0.119188 | 0.119044 | 1.00121 | 0.3171 |
LOG(GDP) | 0.832820 | 0.465861 | 1.78770 | 0.0742* |