Table 4 Pooled mean group estimates
From: COVID-19 pandemic and the exchange rate movements: evidence from six major COVID-19 hot spots
Regressor | Coef | Std. Err. | t-Statistic | Prob. |
|---|---|---|---|---|
Dependent variable; Exchange rate | ||||
Long-run estimates | ||||
LTD | 0.062597 | 0.013186 | 4.747203 | 0.0000*** |
Short-run estimates | ||||
ECT | − 0.048412 | 0.019474 | − 2.485950 | 0.0131** |
D (LEXC)t-1 | − 0.074056 | 0.034461 | − 2.185950 | 0.0318** |
D(LEXC)t-2 | 0.062699 | 0.034584 | 1.812914 | 0.0701* |
D(LTD) | 0.032908 | 0.018303 | 1.977966 | 0.0724* |
D(LTD)t-1 | 0.0044235 | 0.012178 | 0.347766 | 0.7281 |
Trend | − 2.85E-05 | 1.34E-05 | − 2.123325 | 0.0339** |
Cons | 0.026885 | 0.036575 | 0.735071 | 0.4624 |