Table 6.
MG |
PMG |
CS-ARDL |
|||||||
---|---|---|---|---|---|---|---|---|---|
Coeff. | t-stat | std. error | Coeff. | t-stat | std. error | Coeff. | t-stat | std. error | |
PS | 0.0301** | 0.0113 | 2.6637 | 0.0697*** | 0.0026 | 26.8076 | 0.1772*** | 0.0063 | 28.1269 |
EDU | 0.1157*** | 0.0104 | 11.125 | 0.0675*** | 0.0054 | 12.501 | 0.0275** | 0.0105 | 2.619 |
ICT | 0.0255*** | 0.0073 | 3.4931 | 0.0436*** | 0.0055 | 7.9272 | 0.0922*** | 0.0098 | 9.4081 |
FDI | 0.0887*** | 0.0094 | 9.4361 | 0.1004*** | 0.0039 | 25.7435 | 0.1736*** | 0.0112 | 17.36 |
FD | 0.0878*** | 0.0037 | 23.7297 | 0.0818*** | 0.0073 | 11.2054 | 0.0851*** | 0.0081 | 10.5061 |
TR | 0.058*** | 0.0041 | 14.1463 | 0.025*** | 0.0068 | 3.6764 | 0.1136*** | 0.0048 | 23.6666 |
Note: the superscript denote the level of significant at 1 % SL.