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Table 4 Short-run relationship ARDL model (4, 4, 4, 2, 4)

From: Impact of petroleum and non-petroleum indices on financial development in Oman

VariableCoefficientStd. Errort-StatisticProb.
D (DC(−1))0.00040.12750.00300.9977
D (DC(−2))0.32960.12202.70210.0181
D (DC(−3))0.22710.13351.70180.1126
D (AGRI)6.41671.66063.86410.002
D (AGRI(−1))1.89842.74474.69940.0004
D (AGRI(−2))1.86562.49574.75430.0004
D (AGRI(−3))7.33032.29733.19090.0071
D (INDUST)−0.47420.2097−2.26090.0416
D (INDUST(−1))−0.11120.1824−0.60960.5526
D (INDUST(−2))0.02880.16240.17750.8618
D (INDUST(−3))0.57070.13174.33330.0008
D (OIR)0.15970.13951.14530.2727
D (OIR(−1))0.67760.1626−4.16620.0011
D (SERVE)0.31440.09133.44450.0044
D (SERVE(−1))0.31620.1111−2.84690.0137
D (SERV(−2))0.22510.10532.13870.052
D (SERVE(−3))0.47480.10774.40870.0007
(ECT-1)−0.33240.0437−7.60570.000
Adjusted R-squared0.894223   
Durbin-Watson stat2.541182   
  1. Source: author’s work based on the Outcome of E-views version.10