Future Business Journal

Table 3 Panel regression outcomes.

From: Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL

Regressors	Without asymmetry				With asymmetry
Regressors	Coefficient	SE	T-Statistic	Prob	Coefficient	SE	T-Statistic	Prob
Long-run estimation
REM	0.263	0.083	3.220	0.001
\({\text{REM}}_{t - 1}^{ + }\)					0.312	0.102	3.060	0.002
\({\text{REM}}_{t - 1}^{ - }\)					0.230	0.102	2.240	0.025
FD	2.406	0.499	4.810	0.000
\({\text{FD}}_{t - 1}^{ + }\)					3.956	0.803	2.290	0.022
\({\text{FD}}_{t - 1}^{ - }\)					1.8393	1.267	3.120	0.002
Short-run estimation
ECM(− 1)	− 0.92	0.059	− 3.735	0.000	− 0.857	0.047	− 2.101	0.035
REM	0.102	0.067	1.520	0.129
\({\text{REM}}_{t - 1}^{ + }\)					0.384	0.094	0.410	0.683
\({\text{REM}}_{t - 1}^{ - }\)					0.045	0.085	0.530	0.595
FD	0.260	0.264	0.990	0.324
\({\text{FD}}_{t - 1}^{ + }\)					0.312	0.431	0.720	0.469
\({\text{FD}}_{t - 1}^{ - }\)					− 0.022	0.708	− 0.035	0.974

Back to article page