Table 19.

Short-run results of pooled mean group estimation Turkey sample.

Variables	Coefficient	Std. Error	T-Statistic	P-value
Error correction	−0.075	0.240	−31.207	0.000***
Constant	0.505	0.011	44.286	0.000***
LN_STOCK_R (−1)	−0.007	0.002	−3.322	0.045**
INCOME_S	0.037	0.195	18.820	0.000***
INCOME_S (−1)	0.001	0.019	69.235	0.000***
INCOME_S (−2)	−0.038	0.019	−19.938	0.000***
DEBT_R	0.003	0.060	57.441	0.000***
DEBT_R (−1)	−0.003	0.036	−47.489	0.000***
DEBT_R (−2)	0.002	0.058	26.713	0.000***
WORK	−0.008	0.886	−93.258	0.000***
WORK (−1)	0.010	0.078	11.900	0.000***
WORK (−2)	0.001	0.740	14.721	0.000***
TEST	0.002	0.097	9.447	0.002***
TEST (−1)	−0.005	0.020	−25.150	0.000***
TEST (−2)	0.008	0.196	41.265	0.000***
STI	0.001	0.033	19.939	0.000***
STI (−1)	0.017	0.003	53.348	0.000***
STI (−2)	−0.002	0.050	−51.935	0.000***
SCHOOL	−0.006	0.070	−92.674	0.000***
SCHOOL (−1)	−0.002	0.069	−30.709	0.000***
SCHOOL (−2)	0.012	0.081	18.693	0.000***
RES_PU_GA	0.006	0.027	21.277	0.000***
RES_PU_GA (−1)	0.002	0.024	66.577	0.000***
RES_PU_GA (−2)	0.005	0.024	21.123	0.000***
INT_TR	−0.004	0.690	−62.081	0.000***
INT_TR (−1)	−0.010	0.071	−13.658	0.000***
INT_TR (−2)	0.017	0.072	23.081	0.000***
HEALTH	0.001	0.040	12.491	0.000***
HEALTH (−1)	0.045	0.404	11.943	0.000***
HEALTH (−2)	0.042	0.004	9.383	0.000***
FACE	0.002	0.024	74.154	0.000***
FACE (−1)	0.002	0.066	91.820	0.000***
FACE (−2)	−0.008	0.039	−32.736	0.000***
COVID	0.017	0.056	30.883	0.000***
COVID (−1)	0.023	0.050	42.612	0.000***
COVID (−2)	−0.059	0.054	−10.421	0.000***
C_PUB_EVN	−0.002	0.987	−19.512	0.000***
C_PUB_EVN (−1)	−0.006	0.100	−57.155	0.000***
C_PUB_EVN (−2)	−0.010	0.010	−98.813	0.000***