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Table 5 ARDL bounds test

From: Industrial output growth and foreign direct investment in Nigeria

Test Statistic

Value

k

F-statistic

5.4958

6

Critical value bounds

Significance

I(0)Bound

I(1)Bound

10%

2.12

3.23

5%

2.45

3.63

2.50%

2.75

3.99

1%

3.15

4.43

  1. Source: Author’s computation