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Table 4 NARDL bound test result

From: Asymmetric evidence of foreign direct investment response to stock returns in Nigeria

Null hypothesis: No long-run relationships exist

Test statistic

Value

K

F-statistic

14.75229

4

Critical value bounds

  

Significance

I0 Bound

I1 Bound

10%

2.45

3.52

5%

2.86

4.01

2.5%

3.25

4.49

1%

3.74

5.06

  1. Source: Author’s computation from the underlying data using Eview 9