Future Business Journal

Table 4 Error correction representative of ARDL

From: Uncovered interest rate parity phenomenon and determinants of domestic interest rates: an analysis of Pakistan and China economies

Variables	Coefficients	Std. errors	t-statistics	Probability
D(DIR(− 1))	0.5490	0.1657	3.3129	0.0039
D(ER)	0.1595	0.0478	3.3397	0.0036
D(CPI)	0.0212	0.0773	0.2746	0.7868
D(CPI(− 1))	0.0664	0.1076	0.6167	0.5451
D(CPI(− 2))	− 0.3013	0.1114	− 2.7061	0.0145
D(LNY)	2.3462	4.3129	0.5440	0.5931
CointEq(− 1)	− 0.9135	0.2009	− 4.5468	0.0002

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