Variables

(1)

(2)

ARDL

DOLS

FMOLS

ARDL

DOLS

FMOLS

GDP

−0.349* [−3.203]

−0.140 [−1.173]

−0.078 [−0.647]

3.084* [11.541]

2.408* [9.026]

2.579* [10.579]

GDPS

-

-

-

−0.225* [−9.271]

−0.162* [−6.722]

−0.174* [−7.504]

URB

1.687* [9.855]

2.070* [8.956]

1.882* [12.069]

1.662* [9.524]

2.046* [10.449]

1.888* [12.005]