Table 5.
Robustness check of long-run relationship with QoL: FMOLS and DOLS results.
| Variables | FMOLS |
DOLS |
||||
|---|---|---|---|---|---|---|
| Coefficient | t-Statistic | Prob. | Coefficient | t-Statistic | Prob. | |
| REC | -0.4971 | -11.5751 | 0.0000 | -0.704990 | -1.38E+09 | 0.0000 |
| TA | 0.0598 | 2.4463 | 0.0155 | 0.296931 | 2.46E+09 | 0.0000 |
| TR | 0.0034 | 0.2650 | 0.7913 | 0.517971 | 3.78E+09 | 0.0000 |
| TO | -0.1031 | -3.0192 | 0.0029 | -0.203877 | -1.76E+09 | 0.0000 |
| URB | -0.1241 | -2.3781 | 0.0185 | -0.464915 | -1.77E+09 | 0.0000 |
Note: prob represents the p-value; FMOLS is fully modified ordinary least square; DOLS is dynamic ordinary least square.