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Table 5 ARDL Short Run Approach

From: Cointegration between macroeconomic factors and the exchange rate USD/CNY

Variables Coefficient Std. Error t-Statistic Prob.
D (GDPG (−1)) 0.7010 0.1620 4.4280 0.0008
D (INFR) 0.1588 0.0466 3.4077 0.0060
D (INTR) −0.1118 0.0608 −1.8388 0.3868
D (TRDO) 0.6880 0.2466 −2.4257 0.0368
ECT (−1) −0. .5786 0.1867 3.0990 0.0083