Table 9 NARDL results for \({T}_{{mp}}\sim {T}_{{technology}}\).
Residuals | ||||
|---|---|---|---|---|
Min | 1Q | Median | 3Q | Max |
−0.198691 | −0.007902 | 0.005556 | 0.017898 | 0.068973 |
Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
Const. | 0.28392 | 0.05445 | 5.214 | \(5.98\times {10}^{-7}\) |
\({T}_{m{p}_{1}}\) | −0.29675 | 0.05727 | −5.182 | \(6.93\times {10}^{-7}\) |
\({T}_{{technolog}{y}_{p}}\) | 0.02091 | 0.01576 | 1.326 | 0.187 |
\({T}_{{technolog}{y}_{n}}\) | 0.02058 | 0.01590 | 1.295 | 0.197 |
Residual Std. Err.: | 0.03465 | R-squared: | 0.1544 (Multiple) | 0.1376 (Adjusted) |
F-Statistic: | 9.191 | p-value: | \(1.27\times {10}^{-5}\) | |
Model Diagnostic Test | ||||
JB test | LM test | ARCH test | ||
Statistic | 0.860328 | 1.0348190 | 3.58160961 | |
p-value | \(7.99\times {10}^{-11}\) | 0.4945529 | 0.05842252 | |
Short Run Asymmetry Test | ||||
W-Statistic: | 0.105232 | p-value: | 0.9487443 | |
Cointegration Test | ||||
155 Observations | 2 Regressors | 3 Cases | ||
F-Statistic: | 9.19141 | |||
Long Run Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
\({T}_{{technolog}{y}_{p}}\) | 0.070454 | 0.053561 | 1.3154 | 0.1884 |
\({T}_{{technolog}{y}_{n}}\) | 0.069355 | 0.054067 | 1.2828 | 0.1996 |
Long Run Asymmetry Test | ||||
W-Statistic: | 1.194982 | p-value: | 0.5501903 | |
