Variable | Coefficient |
---|---|
Panel A: Short-run estimates | Â |
IMT | − 0.105** |
IMT (− 1) | − 0.081* |
EXP | − 0.004 |
EXP (− 1) | − 0.084** |
REC | − 0.105*** |
GDP | 0.904** |
Coint Eq (− 1) | − 0.403*** |
Panel B: long-run estimates | Â |
IMT | − 0.074* |
EXP | − 0.052*** |
REC | − 0.053* |
GDP | 0.831*** |
C | − 9.321*** |
Panel C: diagnostic tests | Â |
F-Stat | 5.47*** |
R2 | 0.9600 |
Adj R2 | 0.9223 |
DW Stat | 2.22 |
J-B Normality | 1.46 |
Χ2 LM | 1.54 |
Χ2 RESET | 0.56 |
CUSUM | Stable |
CUSUMQ | Unstable |