Variable

Coefficient

t-statistic

D(LNDI)

0.993413

2.408464**

D(LGOVEXP)

−0.428709

−1.989099**

INFL

−0.008841

−1.422563

D(DR)

0.003399

0.550195

Diagnostics Tests

R² = 0.497207

Adj R² = 0.400516

Durbin-Watson = 1.870691

Jarque-Bera = [2.481210] (0.289209)

Wald Test = [7.118528] (0.0001)

Breusch-Godfrey Serial Correlation LM Test = [0.233687] (0.7934)

Heteroskedasticity Test: Breusch-Pagan-Godfrey = [1.575603] (0.1957)