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

Future Business Journal

Table 7 Short-run estimates using the ARDL approach (Community development)

Variables	Coefficient	Standard error	T-statistic	P value
dC	17.9413	36.52344	−0.491227	0.6383
dCD (−1)	0.663194	0.307443	2.457126	0.0379**
dCD (−2)	1.308740	0.309101	4.234026	0.0039**
dINC (−1)	0.659027	0.298861	2.405130	0.0333**
dINC (−2)	2.185666	0.385019	5.676770	0.0008***
dTOP (−1)	1.414981	0.263505	5.369839	0.0010***
dTOP (−2)	4.514618	1.752335	2.576344	0.0367**
dMS (−1)	−2.642398	0.903544	−2.924481	0.0222**
dMS (−2)	−2.868649	1.114105	−2.5748471	0.0367**
ECM (−1)	−0.10301	0.0495	−2.1813	0.035**
R-squared	0.980565
Adjusted R-squared	0.902827
F-statistic	12.61362
Prob (F-statistics)	0.000994
Durbin-Watson statistic	2.167253