ARDL regression based on AIC

Dependent variable: pbgdp

Regressor

Coefficient

Standard Error

T Statistic

Pbgdp (LD)

pdgdp

Outputgap

Expendgap

${\text{ecm}}_{\left(-1\right)}$

−0.0571

−0.088

0.048

−0.034

−0.732

(0.234)

(0.03)

(0.026)

(0.171)

(0.2472)

−0.24

−2.88 **

1.88*

−0.20

−2.96**

Model Criteria

Model Diagnostic

Log likelihood

R-squared

Adj R-squared

Root MSE

-38.001468

0.7507332

0.53981514

1.5343141

DW d-statistic

Serial Correlation

Heteroskedasticity

Normality

Functional form

1.744423

0.4374

0.8011

0.449

0.9672