The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 5 Long-run coefficients for ARDL (1 1 1 0 3 0 0) selected based on SBIC (dependent variable is GDS).
Variables | Coefficient |
|---|---|
Deposit interest rate (DIR) | 0.133 |
(0.078) | |
Gross domestic product growth rate (GDPg) | 0.686*** |
(0.228) | |
Broad money (M2) | 0.500*** |
(0.144) | |
Current account balance (CAB) | − 0.817*** |
(0.201) | |
Gross national expenditure (GNE) | − 0.810*** |
(0.158) | |
Foreign direct investment (FDI) | 0.815* |
(0.413) |