Table 1 NARDL results for \({T}_{{mp}}\sim {T}_{{culture}}\).
Residuals | ||||
|---|---|---|---|---|
Min | 1Q | Median | 3Q | Max |
−0.191979 | −0.008339 | 0.005344 | 0.018809 | 0.070371 |
Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
Const. | 0.28275 | 0.05374 | 5.261 | \(4.83\times {10}^{-7}\) |
\({T}_{m{p}_{1}}\) | −0.29684 | 0.05689 | −5.218 | \(5.88\times {10}^{-7}\) |
\({T}_{{cultur}{e}_{p}}\) | 0.02942 | 0.01583 | 1.859 | 0.0650 |
\({T}_{{cultur}{e}_{n}}\) | 0.02875 | 0.01577 | 1.823 | 0.0703 |
Residual Std. Err.: | 0.03445 | R-squared: | 0.1638 (Multiple) | 0.1472 (Adjusted) |
F-Statistic: | 9.862 | p-value: | \(5.597\times {10}^{-6}\) | |
Model Diagnostic Test | ||||
JB test | LM test | ARCH test | ||
Statistic | 0.875922 | 1.3061048 | 4.0059292 | |
p-value | \(54.48\times {10}^{-10}\) | 0.4576235 | 0.0453405 | |
Short Run Asymmetry Test | ||||
W-Statistic: | 0.4250253 | p-value: | 0.8085501 | |
Cointegration Test | ||||
155 Observations | 2 Regressors | 3 Cases | ||
F-Statistic: | 9.8615 | |||
Long Run Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
\({T}_{{cultur}{e}_{p}}\) | 0.099116 | 0.055434 | 1.7880 | 0.07378 |
\({T}_{{cultur}{e}_{n}}\) | 0.096838 | 0.055286 | 1.7516 | 0.07985 |
Long Run Asymmetry Test | ||||
W-Statistic: | 4.823503 | p-value: | 0.08965811 | |
