Table 2 NARDL results for \({T}_{{en}}\sim {T}_{{culture}}\).
Residuals | ||||
|---|---|---|---|---|
Min | 1Q | Median | 3Q | Max |
−1.16492 | −0.04056 | 0.06035 | 0.12007 | 0.28578 |
Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
Const. | 2.32692 | 0.1815 | 12.821 | \(< 2\times {10}^{-16}\) |
\({T}_{e{n}_{1}}\) | −1.07391 | 0.08121 | −13.224 | \(< 2\times {10}^{-16}\) |
\({T}_{{cultur}{e}_{p}}\) | −0.01147 | 0.10657 | −0.108 | 0.914 |
\({T}_{{cultur}{e}_{n}}\) | −0.00926 | 0.10624 | −0.087 | 0.931 |
Residual Std. Err.: | 0.2324 | R-squared: | 0.5366 (Multiple) | 0.5274 (Adjusted) |
F-Statistic: | 58.29 | p-value: | \(< 2\times {10}^{-16}\) | |
Model Diagnostic Test | ||||
JB test | LM test | ARCH test | ||
Statistic | 0.796824 | 0.01194824 | 0.5019296 | |
p-value | \(2.13\times {10}^{-13}\) | 0.93068755 | 0.4786535 | |
Short Run Asymmetry Test | ||||
W-Statistic: | 0.1015333 | p-value: | 0.9505004 | |
Cointegration Test | ||||
155 Observations | 2 Regressors | 3 Cases | ||
F-Statistic: | 58.29442 | |||
Long Run Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
\({T}_{{cultur}{e}_{p}}\) | −0.0106803 | 0.0992370 | −0.1076 | 0.9143 |
\({T}_{{cultur}{e}_{n}}\) | −0.0086227 | 0.0989256 | −0.0872 | 0.9305 |
Long Run Asymmetry Test | ||||
W-Statistic: | 0.08803793 | p-value: | 0.9569358 | |
