Skip to main content


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