Are non-performing loans sensitive to macroeconomic determinants? an empirical evidence from banking sector of SAARC countries

Future Business Journal

Table 8 Fixed effect estimation

L_NPLs	Coef	St. Err	t-value	p-value	[95% Conf	Interval]	Sig
L_M3	−1.868	0.543	−3.44	0.001	−2.949	−0.787	***
L_EXC	0.655	0.412	1.59	0.116	−0.166	1.475
GDP	−0.094	0.017	−5.44	0	−0.128	−0.059	***
BUG	0.033	0.023	1.45	0.152	−0.012	0.078
INF	−0.027	0.013	−2.03	0.046	−0.054	−0.001	**
L_DEBT	−1.048	0.314	−3.33	0.001	−1.674	−0.423	***
Constant	11.464	2.539	4.52	0	6.413	16.515	***
Mean dependent var	1.825	SD dependent var	0.757
R-squared	0.418	Number of obs	96
F-test	9.831	Prob > F	0.000
Akaike crit. (AIC)	125.776	Bayesian crit. (BIC)	143.726