MODEL

ARDL

F-STAT

Critical Values

10%

5%

1%

Lower Bound

Upper Bound

Lower Bound

Upper Bound

Lower Bound

Upper Bound

(1)

(11112)

4.870

2.26

3.35

2.62

3.79

3.41

4.68

(2)

(1111222)

6.409

2.12

3.23

2.45

3.61

3.15

4.43

(3)

(11114221)

5.762

2.03

3.13

2.32

3.50

2.96

4.26