Table 4 Estimated long-run coefficients based on the ARDL cointegration approach
From: Real effective exchange rate misalignment and currency crisis in Iran
Regressor | Coefficient | P value |
|---|---|---|
OPEN | − 1.107 | 0.0004 |
NFA | 73.765 | 0.0001 |
OX | 4.047 | 0.0000 |
TOT | − 0.131 | 0.0049 |
GOV | 1.759 | 0.1656 |
PRO | 102.777 | 0.0284 |