Table 10 FMOLS, DOLS, and CCR estimation results.
Variables | Coeff. | Std. err. | t-stats | Prob. |
---|---|---|---|---|
Method: FMOLS | ||||
LGDP | 0.874*** | 0.089 | 9.815 | 0.000 |
LTON | 0.777*** | 0.060 | 12.939 | 0.000 |
ICT | 0.005*** | 0.001 | 10.468 | 0.000 |
LTIN | −0.025 | 0.022 | −1.134 | 0.266 |
C | −0.021 | 0.561 | −0.037 | 0.970 |
Method: DOLS | ||||
LGDP | 0.911*** | 0.242 | 3.756 | 0.001 |
LTON | 0.645** | 0.235 | 2.741 | 0.015 |
ICT | 0.004** | 0.001 | 2.895 | 0.011 |
LTIN | −0.017 | 0.054 | −0.326 | 0.748 |
C | 0.353 | 0.984 | 0.359 | 0.724 |
Method: CRR | ||||
LGDP | 0.873*** | 0.107 | 8.124 | 0.000 |
LTON | 0.784*** | 0.070 | 11.195 | 0.000 |
ICT | 0.004*** | 0.001 | 9.458 | 0.000 |
LTIN | −0.024 | 0.034 | −0.714 | 0.481 |
C | −0.048 | 0.619 | −0.077 | 0.938 |