The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 4 PMG estimation of ARDL (1,1,1,1) for model 2
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 | ||||
EG | 0.15*** | 0.04 | 3.62 | 0.00 |
SG | − 0.03 | 0.05 | − 0.58 | 0.56 |
PG | 0.03*** | 0.01 | 2.93 | 0.00 |
Short-run results | ||||
ECT | − 0.86*** | 0.14 | − 6.09 | 0.00 |
D(EG) | − 0.19 | 0.19 | − 1.06 | 0.29 |
D(SG) | 0.12 | 0.12 | 1.01 | 0.31 |
D(PG) | − 0.01 | 0.09 | − 0.07 | 0.95 |
Panel B: Short-run coefficients of each country | |||||
|---|---|---|---|---|---|
Variable | Bangladesh | Bhutan | India | Nepal | Pakistan |
ECT | − 0.87*** (0.00) | − 0.78*** (0.00) | − 1.12*** (0.00) | − 1.15*** (0.00) | − 0.37*** (0.00) |
D(EG) | − 0.07 (0.76) | − 0.92** (0.01) | − 0.09 (0.40) | 0.14 (0.26) | − 0.03 (0.48) |
D(SG) | 0.41 (0.49) | − 0.16 (0.89) | 0.26** (0.02) | 0.24** (0.03) | − 0.16** (0.02) |
D(PG) | − 0.03 (0.31) | − 0.26* (0.08) | 0.24*** (0.00) | 0.15*** (0.00) | − 0.13*** (0.00) |