Model

LogL

AIC*

BIC

HQ

Adj. R-sq

Specification

11

36.346066

−3.099537

−2.609412

−3.050818

0.993240

ARDL (1, 1, 0, 1, 0, 1)

3

36.643842

−3.016923

−2.477785

−2.963331

0.992385

ARDL (1, 1, 1, 1, 0, 1)

27

34.421002

−2.990706

−2.549593

−2.946859

0.992581

ARDL (1, 0, 0, 1, 0, 1)

9

36.406685

−2.989022

−2.449884

−2.935430

0.992169

ARDL (1, 1, 0, 1, 1, 1)

12

34.302600

−2.976777

−2.535664

−2.932929

0.992477

ARDL (1, 1, 0, 1, 0, 0)

28

33.286736

−2.974910

−2.582810

−2.935935

0.992464

ARDL (1, 0, 0, 1, 0, 0)

25

35.197953

−2.964465

−2.474340

−2.915746

0.992262

ARDL (1, 0, 0, 1, 1, 1)

26

33.754201

−2.912259

−2.471146

−2.868411

0.991976

ARDL (1, 0, 0, 1, 1, 0)

1

36.657210

−2.900848

−2.312698

−2.842385

0.990876

ARDL (1, 1, 1, 1, 1, 1)

4

34.585607

−2.892424

−2.402299

−2.843705

0.991684

ARDL (1, 1, 1, 1, 0, 0)

19

34.572495

−2.890882

−2.400756

−2.842162

0.991671

ARDL (1, 0, 1, 1, 0, 1)

20

33.461423

−2.877815

−2.436702

−2.833967

0.991695

ARDL (1, 0, 1, 1, 0, 0)

10

34.343536

−2.863945

−2.373820

−2.815226

0.991444

ARDL (1, 1, 0, 1, 1, 0)

17

35.199996

−2.847058

−2.307920

−2.793467

0.990975

ARDL (1, 0, 1, 1, 1, 1)

18

33.765455

−2.795936

−2.305810

−2.747216

0.990842

ARDL (1, 0, 1, 1, 1, 0)

2

34.611442

−2.777817

−2.238679

−2.724225

0.990328

ARDL (1, 1, 1, 1, 1, 0)

30

29.830502

−2.568294

−2.176194

−2.529319

0.988683

ARDL (1, 0, 0, 0, 1, 0)

29

30.779756

−2.562324

−2.121211

−2.518477

0.988614

ARDL (1, 0, 0, 0, 1, 1)

22

30.161590

−2.489599

−2.048486

−2.445751

0.987755

ARDL (1, 0, 1, 0, 1, 0)

24

29.079446

−2.479935

−2.087834

−2.440959

0.987638

ARDL (1, 0, 1, 0, 0, 0)

21

31.011648

−2.471959

−1.981833

−2.423239

0.987338

ARDL (1, 0, 1, 0, 1, 1)