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Future Business Journal

Table 7 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(DIRC(− 1))

0.1042

0.1429

0.7295

0.4762

D(DIRC(− 2))

− 0.1249

0.1223

− 1.0181

0.3237

D(DIRC(− 3))

− 0.2978

0.1391

− 2.1398

0.0481

D(CPI_C)

− 0.1023

0.0268

− 3.7832

0.0016

D(CPI_C(− 1))

0.0263

0.0207

1.2923

0.2147

D(ERC)

− 0.0125

0.0133

− 0.9416

0.3607

D(YC)

0.0098

0.0013

1.5016

0.1527

CointEq(− 1)

− 0.8087

0.1716

− 4.71318

0.0002

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