Financial Innovation

Table 5 ARDL Short-run Results

From: Does financial depth impact economic growth in North Cyprus?

Dependent Variable: ΔLnGNPp (2,0,0)
Cointegrating Form
Variable	Coefficient	Standard Error	t-statistics
Constant	0.3308	0.0546	6.0490
ΔLnGNPp _t-1	0.4744	0.0636	7.4592
ECT_t-1	−0.0875	0.0146	−5.9600
R-Squared	0.998	Adjusted R-Squared	0.998
S.E of regression	0.0306	D.W	2.02
F-Statistics	23,784.31^a

Note: ^a,^brepresents significance level at 1% and 5% levels, respectively

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