Table 7 ARDL integrated with ECM test.

From: Military spending crowding out health and education spending: which views are valid in Egypt?

LGDP

Coefficient

p-value

Long run

LMIL

−6.982***

0.000

LGOVHEL

2.433***

0.001

LGOVEDU

5.334**

0.012

Lagged residual (−1)

−0.0365*

0.089

Short run

DLMIL

−0.093***

0.005

DLGOVHEL

−0.062**

0.042

DLGOVEDU

−0.045***

0.001

  1. ***, **, and * denote 1%, 5%, and 10% significance levels, respectively.
  2. Source computed by the authors.
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