Fixed regressors: C

Number of models evalulated: 128

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

Variable

Coefficient

Std. Error

t-Statistic

Prob.*

EXTDR

−0.086944

0.155696

−0.558423

0.5810

LOGBGD2

−0.253820

0.307786

−0.824663

0.4165

LOGBGD2(−1)

−0.604093

0.338197

−1.786217

0.0849

LOGEXT

2.051143

1.174888

1.745819

0.0918

DEXT

8.76E−11

4.65E−10

0.188409

0.8519

GFCR

0.050307

0.053319

0.943519

0.3535

POP

102.3010

34.55490

2.960535

0.0062

POP(−1)

−65.95028

31.13449

−2.118239

0.0432

EXRD

−0.001992

0.012524

−0.159097

0.8747

C

−94.55165

47.86215

−1.975499

0.0581

R-squared

0.580879

Mean dependent var

3.440644

Adjusted R-squared

0.431193

S.D. dependent var

4.845096

S.E. of regression

3.654139

Akaike info criterion

5.662343

Sum squared resid

373.8764

Schwarz criterion

6.131553

Log likelihood

−99.41570

Hannan-Quinn criter.

5.830692

F-statistic

3.880644

Durbin-Watson stat

1.956702

Prob(F-statistic)

0.002195