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

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Table 11 Error Correction Model (ECM) results

From: The impact of stock market manipulation on Nigeria’s economic performance

Variable Coefficient Std. error t-statistic Prob
C 0.019139 0.010418 1.837133 0.0719
D(LGCAPR) 0.186779 0.082024 2.277126 0.0269
D(LGVTR) − 10.034037 0.035213 − 10.966595 0.3382
D(LGASI) − 10.081220 0.078642 − 11.032773 0.3065
D(DLGTOR) 0.028673 0.068030 0.421482 0.6751
D(LGDRR) 0.005848 0.252750 0.023136 0.9816
U(− 1) − 10.196727 0.088134 − 12.232133 0.0299
R-squared 0.156335 Mean dependent var 0.025481  
Adjusted R-squared 0.058989 S.D. dependent var 0.078253  
S.E of regression 0.075910 Akaike Info Criterion − 2.207551  
Sum squared resid 0.299639 Schwarz criterion − 1.961063  
Log likelihood 72.12274 Hannan–Quinn criterion − 2.111332  
F-Statistic 1.605973 Durbin–Watson 2.307061  
Prob (F-Statistic) 0.164189    
  1. Source: Author’s E-view 9.5 Compilation
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