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Table 6 Long-run coefficient of ARDL (2, 3, 3, 0)

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

CPIC

− 0.2175

0.0241

− 9.0012

0.0098

ERC

− 0.0488

0.0140

− 3.4627

0.0032

YC

0.0911

0.3245

0.9645

0.3491

C

8.1574

1.1874

6.8697

0.0091