Table 6.

Short run and long run AARDL coefficient.

Long run estimation
Variables	Coefficient		t-statistics		Std. error.		p-value
GDPC	0.327*		0.143		2.285		0.004
TD	−3.652**		−6.307		0.579		0.032
SG	−0.487**		−7.492		0.065		0.046
ENE	4.282*		2.897		1.478		0.009
SI	0.098*		1.010		−0.097		0.000
Short run estimationrowhead
ΔLGDPC	0.535**		0.194		2.755		0.043
ΔLTD	−4.278**		−6.227		0.687		0.023
ΔLSG	−0.476**		−0.607		0.784		0.009
ΔLENE	0.768*		1.757		0.437		0.004
ΔLSI	0.153***		2.04		0.075		0.214
Constant	−23.658**		−3.440		6.876		0.076
ECT	−0.398*		−4.145		0.096		0.005
Diagnostic testsrowhead
F-test overall		7.658 (0.009)**		LM test		0.294 (0.032)**
t-test dependent		−6.346 (0.025)**		ARCH test		0.064
F-test independent		6.436 (0.054)**		Adjusted R2		0.956
Wald SR		0.006		CUSUM		S
Wald LR		0.001		CUSUMSQ		S