Table 6.

Result of asymmetric long-run coefficients

Variable	Coefficient	Std. Error	t-Statistic	Prob
${\mathbf{N}\mathbf{C}}^{+}$	−7.06E-05**	3.41E-05	-2.0711	0.0392
${\mathbf{N}\mathbf{C}}^{-}$	−7.42E-05**	3.56E-05	-2.0842	0.0380
${\mathbf{N}\mathbf{D}}^{+}$	0.0056***	0.0029	1.9576	0.0512
${\mathbf{N}\mathbf{D}}^{-}$	0.0055***	0.0029	1.8932	0.0593
${\mathbf{L}\mathbf{D}}^{+}$	−2.5040*	0.3937	−6.3594	0.0000
${\mathbf{L}\mathbf{D}}^{-}$	−0.3459	0.7250	−0.4771	0.6337
C	6.7677*	0.3021	22.3990	0.0000

*, **, and *** represent 1%, 5%, and 10% level of significance, respectively