Table 8 NARDL results for \({T}_{{en}}\sim {T}_{{politics}}\).
Residuals | ||||
|---|---|---|---|---|
Min | 1Q | Median | 3Q | Max |
−1.17338 | −0.04082 | 0.05743 | 0.11870 | 0.28235 |
Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
Const. | 2.34398 | 0.18223 | 12.863 | \(< 2\times {10}^{-16}\) |
\({T}_{e{n}_{1}}\) | −1.07448 | 0.08113 | −13.244 | \(< 2\times {10}^{-16}\) |
\({T}_{{politic}{s}_{p}}\) | 0.06001 | 0.10552 | 0.569 | 0.570 |
\({T}_{{politic}{s}_{n}}\) | 0.06173 | 0.10546 | 0.585 | 0.559 |
Residual Std. Err.: | 0.2322 | R-squared: | 0.5376 (Multiple) | 0.5284 (Adjusted) |
F-Statistic: | 58.52 | p-value: | \(< 2\times {10}^{-16}\) | |
Model Diagnostic Test | ||||
JB test | LM test | ARCH test | ||
Statistic | 0.798289 | 0.07750669 | 0.4993572 | |
p-value | \(2.41\times {10}^{-13}\) | 0.82714206 | 0.4797827 | |
Short Run Asymmetry Test | ||||
W-Statistic: | 0.08425073 | p-value: | 0.9587496 | |
Cointegration Test | ||||
155 Observations | 2 Regressors | 3 Cases | ||
F-Statistic: | 58.51941 | |||
Long Run Coefficients | ||||
Estimate | Std. Error | t-value | p-value | |
\({T}_{{politic}{s}_{p}}\) | 0.055853 | 0.098240 | 0.5685 | 0.5697 |
\({T}_{{politic}{s}_{n}}\) | 0.057454 | 0.098176 | 0.5852 | 0.5584 |
Long Run Asymmetry Test | ||||
W-Statistic: | 0.07297483 | p-value: | 0.9641702 | |
