Table 4 Result of ARDL and Non-linear ARDL bounds test.
Equations | AIC lag | F-stat. | Decision |
|---|---|---|---|
FLCO2(LCO2|LEG, LTON, ICT, LTIN) | 4 | 7.939*** | Co-integration |
Asymptotic critical values, Narayan (2005) I(0) | I(1) | ||
1% | 4.394 | 5.914 | |
5% | 3.178 | 4.450 | |
10% | 2.638 | 3.772 | |
Equations | AIC lag | F-stat. | Decision |
|---|---|---|---|
FLCO2(LCO2|LEG, LTON, ICT, LTIN) | 4 | 7.939*** | Co-integration |
Asymptotic critical values, Narayan (2005) I(0) | I(1) | ||
1% | 4.394 | 5.914 | |
5% | 3.178 | 4.450 | |
10% | 2.638 | 3.772 | |