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Table 7 ARDL model: ECM results

From: Savings, investment, and growth in Nepal: an empirical analysis

Regressor

Coefficient

Prob.

Dependent variable: ΔGPC

 Δln GPC−1

− 0.5417a

0.0003

 Δln GPC−2

− 0.5027a

0.0008

 Δln GDS

0.0240

0.0722

 Δln GDS−1

0.0211

0.3267

 Δln GDS−2

0.0327

0.1022

 Δln INF

−0.0208

0.5046

 Δln INF−1

0.0266

0.5070

 Δln INF−2

−0.1458a

0.0002

 D2001

0.0143

0.2356

 ECM−1

−0.1868b

0.0161

Diagnostic test statistics

 R_squared

0.7279

 

 F-value

6.9582

 

 DW-statistic

2.0240

 
  1. Note: ECM = ln GPC + 0.0683 ln GDS - 0.4267 ln GFC - 0.0767 D2001 + 1.1341 Intercept
  2. asignificant at the 1% level
  3. bsignificant at the 5% level