Pooled Mean Group and Mean Group Results

PMG

MG

Coefficient

Std. Error

h-test

p-value

Coefficient

Std. Error

Long Run Results

PD

0.155***

0.0342

−0.117

0.387

GDP

0.247***

0.0237

−0.221

0.307

CP

0.343***

0.0584

0.807**

0.355

RINT

0.830***

0.0775

0.111*

0.064

FDI

−0.774***

0.218

−0.989***

0.354

COR

−0.166***

0.0229

0.117

0.526

PD × COR

−0.004***

0.0006

0.002

0.009

Short Run Results

ECT

−0.634**

0.217

−0.987*

1.409

PD

−0.257**

0.120

0.0691

0.651

GDP

0.0762

0.190

0.291

0.274

RINT

0.0544

0.0210

−0.0834

0.150

CP

0.0593

0.408

−0.558

0.495

FDI

−0.502

0.390

1.352

1.490

COR

−0.304

0.272

−1.117**

0.472

PD × COR

0.005

0.004

0.009***

0.003

Hausman test ${\chi }^2$

2.34

0.8860