Table 8 Cointegrating regression outcomes.
Variable | CCR | FMOLS | NARDL level | |||
|---|---|---|---|---|---|---|
Coeff. | Prob. | Coeff. | Prob. | Coeff. | Prob. | |
LnRMO_P | 0.0250 | 0.3791 | 0.0249 | 0.4952 | 0.055773 | 0.3254 |
LnRMO_N | 0.2632 | 0.0001*** | 0.2788 | 0.0000*** | 0.363735 | 0.0000*** |
LnTR | 0.1500 | 0.0100** | 0.1739 | 0.0004*** | 0.229293 | 0.0005*** |
LnGCF | 0.0646 | 0.3245 | 0.0482 | 0.3380 | -0.016010 | 0.8300 |
LnTEN | 0.0333 | 0.5457 | 0.0439 | 0.4471 | 0.016400 | 0.8084 |
LnLF | 0.2265 | 0.0229** | 0.2254 | 0.0135** | 0.359207 | 0.0059*** |
C | 0.6797 | 0.5805 | 0.4565 | 0.7020 | ||
R-squared | 0.8372 | 0.8452 | 0.934464 | |||
Adj R-squared | 0.7997 | 0.8094 | 0.898419 | |||
