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

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Table 4 The results of the short run and long run

From: The relationship between financial development and income inequality in Turkey

VariablesModel IModel IIModel IIIModel IV
Short-run results    
 lnY− 0.145**
(− 2.721)
− 0.051
(− 0.856)
− 0.163***
(− 4.714)
− 0.209***
(− 3.342)
 lnINF0.020
(0.512)
0.056***
(5.209)
0.178***
(6.646)
0.087*
(2.036)
 lnG− 0.103**
(− 2.910)
− 0.205***
(− 4.982)
− 0.068**
(− 2.475)
− 0.226***
(− 4.253)
 lnFD0.044***
(4.465)
 lnFD2− 0.019***
(− 4.198)
 lnBAD0.035**
(2.597)
lnBAD2− 0.020***
(− 3.152)
 lnSMD− 0.020***
(− 5.754)
 lnSMD2− 0.005***
(− 4.206)
 lnBND− 0.006
(− 0.543)
 lnBND20.004
(1.043)
 ECT (− 1)− 0.090***
(− 4.970)
− 0.218***
(− 4.882)
− 0.911***
(− 6.277)
− 0.582***
(− 6.894)
Long-run results    
 lnY− 0.051*
(− 1.997)
− 0.023**
(− 2.525)
− 0.124***
(− 4.807)
− 0.155***
(− 3.313)
 lnINF0.030***
(4.803)
0.025***
(4.557)
0.009**
(2.220)
0.012**
(2.920)
 lnG− 0.108
(− 1.728)
− 0.174***
(− 3.590)
− 0.227**
(− 3.205)
− 0.287**
(− 3.021)
 lnFD0.051***
(3.359)
 lnFD2− 0.015**
(− 2.416)
 lnBAD0.037***
(3.023)
 lnBAD2− 0.021**
(− 2.835)
 lnSMD− 0.009*
(− 1.967)
 lnSMD2− 0.006*
(− 1.998)
 lnBND0.012
(0.747)
 lnBND20.002
(0.443)
  1. *, **, and *** indicates statistical significance at 10, 5, and 1% level, respectively. Numbers in parentheses are t-statistics. The coefficients of lagged variables are not shown for short-run results