Table 6 Bayer and Hanck cointegration test
From: FDI-growth and trade-growth relationships during crises: evidence from Bangladesh
Specifications | EG–JOH | EG–JOH–BO–BDM | Cointegration |
|---|---|---|---|
lnGDP = f(lnExport, lnImport, lnLabor, lnCapital, lnM3, Crises) | 44.352 | 55.001 | Yes |
lnGDP = f(lnTrade, lnLabor, lnCapital, lnM3, Crises) | 34.477 | 45.107 | Yes |
lnGDP = f(lnFDI, lnLabor, lnCapital, lnM3, Crises) | 28.918 | 39.419 | Yes |
lnGDP = f(lnTrade, lnLabor, lnCapital, lnM3, Crises, Crises*lnTrade) | 38.083 | 49.241 | Yes |
lnGDP = f(lnExport, lnLabor, lnCapital, lnM3, Crises, Crises*lnExport) | 24.841 | 39.040 | Yes |
lnGDP = f(lnImport, lnLabor, lnCapital, lnM3, Crises, Crises*lnImport) | 51.542 | 50.746 | Yes |
lnGDP = f(lnFDI, lnLabor, lnCapital, lnM3, Crises, Crises*lnFDI) | 24.943 | 34.843 | Yes |
5% critical value | 10.419 | 19.888 | Â |