Table 4 Long-run AARDL estimation results

lnExport

0.123**

0.151**

(0.052)

(0.072)

lnImport

− 0.042

− 0.386

(0.054)

(0.794)

lnTrade

0.12**

0.113**

(.046)

(0.049)

lnFDI

0.021***

0.018***

(0.007)

(0.005)

lnM3

0.110**

0.132**

0.114**

0.095*

0.069**

0.175***

0.136**

(0.042)

(0.065)

(0.050)

(0.050)

(0.038)

(0.051)

(0.058)

lnLabor

− 0.861

− 0.877

− 0.791

− 0.842

− 0.775

− 0.683

− 0.711

(0.605)

(0.632)

(0.513)

(0.607)

(0.564)

(0.589)

(0.610)

lnCapital

0.221***

0.288***

0.233***

0.196***

0.180***

0.137**

0.196***

(0.066)

(0.097)

(0.055)

(0.068)

(0.057)

(0.059)

(0.062)

Crises

0.018

0.039

0.009

0.700

0.461

0.757

0.501

(0.014)

(0.034)

(0.019)

(0.88)

(0.692)

(0.676)

(0.570)

Crises × lnExport

0.070

(0.087)

Crises × lnImport

− 0.074

(0.026)

Crises × lnTrade

− 0.054

(0.073)

Crises × lnFDI

− 0.233**

(0.095)