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Table 3 Credit to the private sector as a share GDP is the dependent variable

From: Do migrant remittances matter for financial development in Kenya?

Variables

F-Statistics

Co-integration

(CRED, RGDP, TOPEN, ER, CPI, REM, INT)

5.283***

Co-integration

Critical values

Lower Bound

Upper Bound

1%

3.595

5.225

5%

2.643

4.004

10%

2.238

3.461

  1. ***shows one of the standard ways of indicating statistical significance at 1 percent