Table 8 ARDL estimation (robustness analysis).
From: Role of collaborative governance in unlocking private investment in sustainable projects
Variable | Long-term impact | z-statistic | P-value |
|---|---|---|---|
Good governance index | 0.25 | 6.63 | 0.01 |
Economic uncertainty index | −0.55 | −7.74 | 0.02 |
GDP | 0.31 | 4.78 | 0.01 |
SMEs number | 0.14 | 8.64 | 0.00 |
Total loans provided by banks | 0.12 | 0.54 | 0.78 |
Variable | Short-term impact | z-statistic | P-value |
Good governance index | 0.13 | 5.48 | 0.00 |
Economic uncertainty index | −0.27 | −9.03 | 0.01 |
GDP | 0.26 | 4.36 | 0.04 |
SMEs number | 0.37 | 6.51 | 0.06 |
Total loans provided by banks | 0.26 | 0.25 | 0.13 |
ECT (−1) | −0.84 | −7.60 | 0.00 |
Intercept | −0.18 | −5.27 | 0.00 |
