Table 3 Baseline Model.
Variables | Coef. | t-test | Pr. |
|---|---|---|---|
GE |  − 0.711455 |  − 2.809721 | 0.0061 |
EF |  − 0.778755 | 0.109876 | 0.0000 |
GT | 0.004796 | 4.391927 | 0.8288 |
FDI |  − 0.058448 |  − 2.388415 | 0.0190 |
GDP | 0.828632 | 20.72483 | 0.0000 |
IMP |  − 0.478040 |  − 5.279160 | 0.0000 |
EXP | 0.066690 | 3.020474 | 0.0033 |
C |  − 4.045237 |  − 1.879908 | 0.0634 |
Serial correlation | |||
|---|---|---|---|
Test | Stat. | Pr. | Â |
Breusch-Pagan LM | 15.72042 | 0.0013 | Â |
Pesaran scaled LM | 5.193090 | 0.0000 | Â |
Pesaran CD | 3.832597 | 0.0001 | Â |