The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 3 PMG estimation of ARDL (2,1) for model 1
From: Does globalization accelerate economic growth? South Asian experience using panel data
Panel A: PMG estimation | ||||
|---|---|---|---|---|
Variable | Coefficient | Std. error | t statistic | P value |
Long-run results | ||||
OG | 0.15*** | 0.006 | 24.66 | 0.00 |
Short-run results | ||||
ECT | − 0.89*** | 0.21 | − 4.23 | 0.00 |
D(Y(− 1)) | − 0.06 | 0.09 | − 0.64 | 0.52 |
D(OG) | − 0.07 | 0.33 | − 0.22 | 0.83 |
Panel B: Short-run coefficients of each country | |||||
|---|---|---|---|---|---|
Variable | Bangladesh | Bhutan | India | Nepal | Pakistan |
ECT | − 1.28*** (0.00) | − 0.57*** (0.00) | − 1.28*** (0.00) | − 1.08*** (0.00) | − 0.23*** (0.00) |
D(OG) | 0.27** (0.04) | − 1.24 (0.17) | 0.47** (0.03) | 0.47*** (0.00) | − 0.32** (0.01) |