Table 4 Cointegration test.
From: Does marketization promote economic growth?—Empirical evidence from 26 transition countries
Variables | Statistical value | p-value |
|---|---|---|
\(\mathrm{ln}({pgdp})\) and \(\mathrm{ln}(k)\),\(\mathrm{ln}(l)\) | −5.91 | 0.0000 |
\(\mathrm{ln}({pgdp})\) and \(\mathrm{ln}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({ef})\) | −5.23 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k\times {ef})\),\(\mathrm{ln}(l)\) | −4.90 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\),\(\mathrm{ln}(l\times {ef})\) | −5.060 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({bf})\) | −7.29 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({tf})\) | −5.11 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\),\(\mathrm{ln}(l),\,\mathrm{ln}({ff})\) | –5.38 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({gs})\) | −6.121 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({mf})\) | −6.261 | 0.0000 |
\(\mathrm{ln}({pgdp}){\rm{and\; ln}}(k)\), \(\mathrm{ln}(l)\),\(\mathrm{ln}({cf})\) | −6.01 | 0.0000 |
