Dependent Variable: HDI |
|
| ||
Method: ARDL |
|
|
| |
Dynamic regressors (1 lag, fixed): LOG (SMC) TR LOG (VST) ECM (−1) | ||||
Variable | Coefficient | Std. Error | t-statistic | Prob.* |
HDI(−1) | 0.540149 | 0.230239 | 2.346034 | 0.0331 |
HDI(−2) | 0.387611 | 0.221138 | 1.752799 | 0.1000 |
LOG(SMC) | 3.709381 | 1.262257 | 2.938689 | 0.0102 |
LOG(SMC(−1)) | −2.431677 | 1.250988 | −1.943806 | 0.0709 |
TR | 0.181285 | 0.098171 | 1.846626 | 0.0846 |
TR(−1) | −0.117086 | 0.091607 | −1.278139 | 0.2206 |
LOG(VST) | −3.726222 | 1.049285 | −3.551202 | 0.0029 |
LOG(VST(−1)) | 2.475818 | 1.092608 | 2.265972 | 0.0387 |
ECM(−1) | −0.609124 | 0.329173 | −1.850469 | 0.0840 |
ECM(−2) | 0.100279 | 0.370942 | 0.270337 | 0.7906 |