Dependent Variable: HDI

Method: ARDL

Dynamic regressors (1 lag, automatic): (SMC) TR (VST)

Variable

Coefficient

Std. Error

t-statistic

Prob.*

HDI(−1)

1.005266

0.003986

252.1829

0.0000

SMC

−1.63E−11

2.77E−11

−0.587042

0.5627

TR

0.002375

0.055923

0.042468

0.9665

VST

7.82E−10

3.16E−10

2.474808

0.0208

R-squared

0.986604

Mean dependent var

50.50000

Adjusted R-squared

0.984930

S.D. dependent var

5.189020

Durbin-Watson stat

1.570336