ARDL Cointegrating And Long Run Form

Dependent Variable: NROA

Selected Model: ARDL(1, 0, 0, 4, 3, 4)

Date: 11/17/21 Time: 11:39

Sample: 2007Q1 2020Q4

Included observations: 52

Cointegrating Form

Variable

Coefficient

Std. Error

t-Statistic

Prob.

D(LRTG)

−0.000074

0.005074

−0.014563

0.9885

D(LINT)

−0.001694

0.002758

−0.614264

0.5431

D(LMOB)

0.005500

0.007636

0.720340

0.4762

D(LMOB(−1))

0.027290

0.010985

2.484425

0.0181

D(LMOB(−2))

−0.021221

0.010100

−2.101181

0.0431

D(LMOB(−3))

0.010000

0.005563

1.797669

0.0811

D(LPOS)

−0.010141

0.009633

−1.052750

0.2999

D(LPOS(−1))

−0.032104

0.011509

−2.789413

0.0086

D(LPOS(−2))

0.018114

0.009341

1.939094

0.0608

D(LBA)

−0.034389

0.036396

−0.944856

0.3514

D(LBA(−1))

−0.083037

0.044759

−1.855189

0.0723

D(LBA(−2))

−0.060638

0.043385

−1.397674

0.1713

D(LBA(−3))

0.076393

0.024755

3.086025

0.0040

CointEq(−1)

−0.714129

0.153003

−4.667429

0.0000