Dependent Variable: LOG(RGDP)

Selected Model: ARDL(1, 0, 0, 1, 0)

Date: 09/20/20 Time: 15:58

Sample: 1984 2018

Included observations: 34

Cointegrating Form

Variable

Coefficient

Std. Error

t-Statistic

Prob.

DLOG(FOPB)

0.056193

0.013396

4.194789

0.0003*

DLOG(DPPF)

−0.012896

0.016630

−0.775452

0.4448

DLOG(KPPF)

−0.005623

0.016543

−0.339885

0.7366

DLOG(PPPF)

−0.014854

0.011398

−1.303260

0.2035

CointEq(−1)

−0.088586

0.028614

−3.095876

0.0045

$\begin{array}{l}\text{Cointeq}=\text{LOG}\left(\text{RGDP}\right)-(0.\text{6343}\ast \text{LOG}\left(\text{FOPP}\right)-0.\text{1456}\ast \text{LOG}\left(\text{DPPF}\right)\\ +0.\text{3763}\ast \text{LOG}\left(\text{KPPF}\right)-0.\text{1677}\ast \text{LOG}\left(\text{PPPF}\right)+\text{8}.\text{5113})\end{array}$

Long Run Coefficients

Variable

Coefficient

Std. Error

t-Statistic

Prob.

LOG(FOPB)

0.634337

0.213285

2.974132

0.0061*

LOG(DPPF)

−0.145577

0.204172

−0.713011

0.4820

LOG(KPPF)

0.376277

0.182731

2.059188

0.0492*

LOG(PPPF)

−0.167683

0.114188

−1.468484

0.1535

C

8.511334

0.535987

15.879727

0.0000

R-squared

0.997767

Mean dependent var

10.35214

Adjusted R-squared

0.997271

S.D. dependent var

0.540126

S.E. of regression

0.028218

Akaike info criterion

−4.116476

Sum squared resid

0.021499

Schwarz criterion

−3.802225

Log likelihood

76.98009

Hannan-Quinn criter.

−4.009308

F-statistic

2010.623

Durbin-Watson stat

1.726509

Prob(F-statistic)

0.000000