The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 3 Empirical results for Model 1 and Model 2
From: THE impact of remittance inflows on poverty in Botswana: an ARDL approach
Model | Model 1 (dependent variable is Pov1) ARDL (1, 0, 0, 1, 1, 4) | Model 2 (dependent variable is Pov2) ARDL (1, 2, 0, 4, 0, 0) | ||
|---|---|---|---|---|
Regressor | Coefficient | T-ratio | Coefficient | T-ratio |
Panel A: long-run results | ||||
C | − 6.4197 | − 0.8627 | 28.8387*** | 3.1448 |
REM | 0.2640 | 1.2726 | − 0.9203*** | − 2.6184 |
EDU | 0.0704 | 0.0669 | 0.0150 | 0.1610 |
TOP | 0.08226 | 0.7392 | − 0.2470* | − 1.7717 |
GDPC | 0.4600*** | 3.3616 | − 0.5806*** | − 4.2503 |
INF | 0.2189*** | 3.1606 | 0.0941 | − 1.3528 |
Panel B (short run results) | ||||
ΔREM | 0.1767 | 1.2292 | − 0.1065* | − 1.8216 |
ΔREM (1) | – | – | 0.6212 | 1.1868 |
ΔEDU | 0.0471 | 1.0778 | − 0.3880*** | − 2.9532 |
ΔTOP | 0.0292 | 0.3167 | 0.0031 | 0.1022 |
ΔTOP (1) | – | – | 0.0291 | 0.7657 |
ΔTOP (2) | – | – | 0.0344 | 0.8610 |
ΔTOP (3) | – | – | 0.0145 | 0.3777 |
ΔTOP (4) | – | – | 0.1268* | 1.8764 |
ΔGDPC | − 0.9614*** | − 2.9360 | − 0.1265** | − 2.5113 |
ΔGDPC (1) | – | – | − 0.2980 | − 1.2242 |
ΔGDPC (2) | – | – | − 0.3385 | − 1.3690 |
ΔINF | − 0.00545 | − 0.1526 | − 0.2933* | − 1.7843 |
ΔINF (1) | − 0.1725*** | − 2.8378 | − 0.0204* | 1.9327 |
ΔINF (2) | − 0.08232 | − 1.6753 | – | – |
ΔINF (3) | − 0.0551 | − 1.6603 | – | – |
ECM (− 1) | − 0.6694*** | − 4.0287 | − 0.2151** | − 2.6423 |
Model 1 | Model 2 | |||
|---|---|---|---|---|
R-squared | 0.6941 | 0.6148 | ||
R-bar-squared | 0.5198 | 0.3947 | ||
F-statistic | 5.2944 | 3.3576 | ||
Prob (F-statistic) | 0.001 | 0.008 | ||
DW statistic | 2.2458 | 1.8464 | ||
SE of regression | 0.3013 | 0.1015 | ||
Residual sum of squares | 1.9066 | 0.2165 | ||
Akaike info. criterion | − 12.2658 | 24.7149 | ||
Schwartz Bayesian criterion | − 22.1871 | 14.7936 |