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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 7 Results of vector error correction model for FDI and FT.

From: How far is FDI relevant to India’s foreign trade growth? An empirical investigation

Independent variablesDependent variables
D(FDI)D(FT)
ECT (\(\gamma_{1}\))− 0.559680**
[− 3.53137]
− 0.059786
[− 0.19393]
D(FDI(− 1))− 0.306610
[− 1.84242]
 0.230862
[0.71319]
D(FDI(− 2))− 0.468589**
[− 2.77988]
 0.167045
[0.50947]
D(FDI(− 3))− 0.177300
[− 1.00416]
0.550672
[1.47688]
D(FDI(− 4) 0.020871
[0.11060]
− 0.662191
[− 1.80401]
D(FDI(− 5)) 0.269567
[1.46698]
− 0.421394
[− 1.17894]
D(FDI(− 6)) 0.307804
[1.88480]
− 0.474188
[− 1.49276]
D(FDI(− 7)) 0.433934**
[3.11513]
 0.247188
[0.91228]
D(FT(− 1))− 0.059877
[− 0.87943]
− 0.179147
[− 1.35269]
D(FT(− 2)) 0.142726*
[2.19310]
 0.169896
[1.34211]
D(FT(− 3))0.193774**
[2.86742]
− 0.065016
[− 0.49461
D(FT(− 4))− 0.093738
[− 1.30140]
 0.237515
[1.69525]
D(FT(− 5))− 0.098020
[− 1.30814]
 0.005169
[0.03546]
D(FT(− 6))− 0.097403
[− 1.42061
− 0.216399
[− 1.62258]
D(FT(− 7))− 0.045981
[− 0.66492]
− 0.098890
[− 0.73517]
C 29.59317
[1.78044]
 80.43425*
[2.48785]
  1. ** Statistically significant at 1% level; * statistically significant at 5% level; [] t values