ARDL Bounds Test

Date: 11/17/21 Time: 11:36

Sample: 2008Q1 2020Q4

Included observations: 52

Null Hypothesis: No long-run relationships exist

Test Statistic

Value

k

F-statistic

6.439947

5

Critical Value Bounds

Significance

I0 Bound

I1 Bound

10%

2.26

3.35

5%

2.62

3.79

2.5%

2.96

4.18

1%

3.41

4.68