| ARDL Bounds Test | |||
| Date: 01/19/18 Time: 20:08 | |||
| Sample: 1974 2015 | |||
| Included observations: 42 | |||
| Null hypothesis: No long-run relationships exist | |||
| Test statistic | Value | k | |
| F-statistic | 11.47478 | 5 | |
| Critical value bounds | |||
| Significance | I(0) bound | I(1) bound | |
| 10% | 2.75 | 3.79 | |
| 5% | 3.12 | 4.25 | |
| 2.5% | 3.49 | 4.67 | |
| 1% | 3.93 | 5.23 | |