The impact of location tax incentives on the growth of rural economy: evidence from Ghana

Future Business Journal

Table 10 Short-run estimates using the ARDL approach

Variables	Coefficient	Standard error	T statistic	P value
dC	0.059825	0.175347	0.341179	0.6142
dJBC	−0.578694	0.177289	−3.264122	0.0075***
dJBC (−1)	0.433413	0.26896	2.559866	0.0376**
dINC (−1)	0.607399	0.220767	2.751312	0.0285**
dTOP	−0.223510	0.122293	−1.827652	0.0948*
dTOP (−1)	−0.813477	0.385019	5.676770	0.0008***
dTOP (−2)	−2.863171	0.0031	2.4773	0.053*
dMS (−1)	1.747147	0.902413	1.936082	0.0941
dMS (−3)	2.041561	0.654200	3.120698	0.0168**
ECM (−1)	−0.302417	0.080571	−3.753417	0.0032**
R-squared	0.809600
Adjusted R-squared	0.728000
F-statistic	9.921568
Prob (F-statistics)	0.000227
DW statistic	2.251347