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

Journal of Economic Structures Cover Image

Table 2 The ARDL long-run estimates [Dep variable: y(gdp)]

From: The effect of mining foreign direct investment inflow on the economic growth of Zimbabwe

Variables Long-run Coef T values
fdim 0.512*** 2.245
fdinm 0.323*** 2.323
l 0.745* 1.86
ol − 0.365 − 1.12
k 0.46** 1.95
fd 0.26** 1.97
const 1.56 1.256
  1. We alternatively used GDP per capital as our dependent variable and the results obtained are consistent on the overall
  2. * Is significance at 10%; ** at 5% and *** at 1%, respectively. Ramsey RESET test {residual squares/functional form}: F = 0.58; Breusch–Pagan heteroscedasticity: Chi-square = 11.01; Jarque–Berra Normality test: Chi-square = 4.3541; Serial Correlation LM test: Chi-square = 3.12
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