Error Correction: | D (FDI) | D (GDP) | D (SENSEX) | D (NIFTY) | D (FER) |
Coint Equation (1) | −0.090682 | −17.25145 | −0.695982 | −0.102232 | −7.991217 |
| (0.50039) | (6.42117) | (0.25722) | (0.06037) | (2.23226) |
| [−0.18122] | [−2.68665] | [−2.70575] | [−1.69353] | [−3.57988] |
D (FDI(−1)) | −0.240852 | 18.75446 | 0.969069 | 0.179131 | 9.921206 |
| (0.36266) | (4.65378) | (0.18642) | (0.04375) | (1.61784) |
| [−0.66413] | [4.02994] | [5.19820] | [4.09435] | [6.13237] |
D (FDI(−2)) | −0.110690 | 15.26814 | 0.063997 | 0.011251 | 0.847555 |
| (0.36929) | (4.73886) | (0.18983) | (0.04455) | (1.64742) |
| [−0.29974] | [3.22190] | [0.33712] | [0.25254] | [0.51448] |
D (GDP(−1)) | −0.035856 | 1.244052 | 0.014577 | 0.003082 | 0.185073 |
| (0.02330) | (0.29900) | (0.01198) | (0.00281) | (0.10394) |
| [−1.53886] | [4.16071] | [1.21702] | [1.09638] | [1.78050] |
D (GDP(−2)) | 0.000684 | 0.428654 | 0.032087 | 0.005923 | 0.190215 |
| (0.02221) | (0.28500) | (0.01142) | (0.00268) | (0.09908) |
| [0.03081] | [1.50406] | [2.81054] | [2.21074] | [1.91988] |