Model | Order | F-stat. | Normality | Correlation | Heteroskedasticity |
EF = f(GDP, URB) | ARDL(1, 5, 0) | 12.980* | 4.375 [0.112] | 1.057 [0.303] | 8.015 [0.431] |
EF = f(GDP, GDPS, URB) | ARDL(1, 0, 5, 0) | 12.956* | 4.886 [0.086] | 1.144 [0.284] | 7.763 [0.558] |
|
| 5% critical values | 10% critical values | ||
|
| I(0) | I(1) | I(0) | I(1) |
| k = 2 | 3.100 | 3.870 | 2.630 | 3.350 |
| k = 3 | 2.450 | 3.630 | 2.010 | 3.100 |