Table 4 ARDL results
From: Assessing the effects of trade openness on sustainable development: evidence from India
| Â | MODEL 1 Dependent variable GGDP | MODEL 2 Dependent variable CSI | |||
|---|---|---|---|---|---|
Variables | Coef. | P value | Coef. | P value | |
Long run coefficients | LnADR | .329 (.68) | 0.63 | .378 (.20) | 0.142 |
LnGCF | 1.091 (.12) | 0.000 | .81 (.40) | 0.059 | |
LnTO | −.605 (.08) | 0.000 | −.50 (0.30) | 0.001 | |
Short run coefficients | Cons. | −7.81 (6.46) | 0.244 | 2.00 (1.54) | 0.210 |
LnGCF | 1.27 (.13) | 0.000 | 0.84 (0.32) | 0.001 | |
LnADR | .386 (.77) | 0.625 | 0.39 (1.06) | 0.971 | |
LnGGDP (−1) | −.733 (.12) | 0.001 | – | – | |
LnCSI | – | – | 0.78 (0.98) | 0.031 | |
LnTO | .71 (.14) | 0.000 | 0.68 (0.019) | 0.068 | |
Coint. Eq. | −1.17 (.12) | 0.000 | −.84 (.19) | 0.000 | |
No of obs. | 28 | 28 | |||
R-square | .91 | .56 | |||
Adjusted R-square | .87 | .41 | |||
Root MSE | 0.045 | 0.010 | |||
Log likelihood | 47.19 | 92.80 | |||