Table 10 Short-run dynamic coefficients for the NARDL approach.

From: The influence of changes in income, oil, and the interest rate on the Saudi Arabian stock market

Variable

Coefficient

t-statistic

p-value

C

−13.29651***

−9.004192

0.0000

D(IN)

4.074930***

4.564522

0.0004

D(IN(-1))

−2.797034***

−3.778641

0.0020

D(OilPos)

−1.301514***

−3.341525

0.0048

D(OilNeg)

−1.717512***

−3.000878

0.0095

D(OilNeg(-1))

1.743908***

3.196417

0.0065

CointEq(-1)

−0.965596***

−9.132134

0.0000

  1. *, **, and *** denote statistical significance at the 10%, 5%, and 1% levels, respectively.
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