TABLE 6.
Pesaran, Shin, and Smith (2001) ARDL bounds test
| 10% | 5% | 1% | p value | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Bound | I(0) | I(1) | I(0) | I(1) | I(0) | I(1) | I(0) | I(1) | F/t statistic |
| F | 2.634 | 3.923 | 3.221 | 4.704 | 4.672 | 6.63 | .013 | .065 | 4.404 |
| t | −2.559 | −3.856 | −2.934 | −4.315 | −3.718 | −5.275 | .003 | .059 | −4.208 |
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