The impact of bank lending on Palestine economic growth: an econometric analysis of time series data

Financial Innovation

Table 10 VAR Results

BL Equation: lnGDP = f (LnK, LnL, LnBL)
Repressors	Coefficients	Std.Error	t-Statistics	Prob.
LnK	0.293870	0.086220	3.408375	0.0011
LnL	0.954095	0.130703	7.299699	0.0000
LnBL	0.306883	0.020504	14.96697	0.0000
R-squared	Adjusted R-squared	Sum sq. resides	S.E. of equation	F-statistic
0.824473	0.819385	0.116309	0.041056	162.0509
Log-likelihood	Akaike AIC	Schwarz SC	Mean dependent	S.D. dependent
129.2507	−3.506963	−3.412102	3.660591	0.096606
Private BL Equation: lnGDP = f (LnK, LnL, Ln Private BL)
Regressors	Coefficients	Std.Error	t-Statistics	Prob.
LnK	0.154433	0.095207	1.622077	0.1093
LnL	1.098959	0.139220	7.893690	0.0000
Ln Private BL	0.373084	0.026145	14.26982	0.0000
R-squared	Adjusted R-squared	Sum sq. resides	S.E. of equation	F-statistic
0.811350	0.805882	0.125004	0.042564	148.3782
Log-likelihood	Akaike AIC	Schwarz SC	Mean dependent	S.D. dependent
126.6551	−3.434863	−3.340002	3.660591	0.096606
Public BL Equation: ln GDP = f (Ln K, Ln L, Ln Public BL)
Repressors	Coefficients	Std.Error	t-Statistics	Prob.
Ln K	0.731384	0.093873	7.791194	0.0000
Ln L	0.565526	0.155704	3.632054	0.0005
Ln Public BL	0.133157	0.012137	10.97146	0.0000
R-squared	Adjusted R-squared	Sum sq. resides	S.E. of equation	F-statistic
0.728413	0.720541	0.179961	0.051070	92.53103
Log likelihood	Akaike AIC	Schwarz SC	Mean dependent	S.D. dependent
113.5370	−3.070474	−2.975612	3.660591	0.096606