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Future Business Journal

Table 5 ARDL bounds test.

From: The impact of financial development on renewable energy consumption: new insights from Ghana

Model

F-statistic

t-statistic

lnREC = f(lnFD, lnEG, lnCPI)

 

7.920***

  

-5.103***

 

Significance level

I(0)

 

I(1)

I(0)

 

I(1)

10%

2.72

 

3.77

−2.57

 

−3.46

5%

3.23

 

4.35

−2.86

 

−3.78

1%

4.29

 

5.61

−3.43

 

−4.37

  1. Asterisks (***) indicates rejection of the null hypothesis at the 1percent level of significance
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