Table 4.
ARDL estimates of human health (Robustness).
IM | LE | |||
---|---|---|---|---|
Variable | Coefficient | t -Statistic | Coefficient | t -Statistic |
Short-run | ||||
HEDU | −0.044 | 1.554 | 0.013 | 0.267 |
FIE | −0.837 | 0.172 | 0.025** | 2.113 |
FIE (−1) | 0.985 | 1.240 | 0.378** | 2.329 |
FIE (−2) | 0.072 | 1.247 | 0.310** | 2.569 |
GDP | −1.134*** | 8.733 | 1.450*** | 9.654 |
GDP (−1) | 1.166*** | 6.052 | −1.603*** | 5.738 |
GDP (−2) | 0.493* | 1.678 | ||
ICT | 0.027 | 0.476 | 0.024** | 2.416 |
ICT (−1) | −0.183 | 1.537 | ||
ICT (−2) | 0.268 | 3.779 | ||
Patent | −1.345*** | 2.975 | 0.032 | 1.261 |
Long-run | ||||
HEDU | −0.101* | 1.818 | 0.032** | 2.261 |
FIE | −1.009 | 0.846 | 1.786*** | 2.623 |
GDP | −1.294*** | 5.833 | 2.281*** | 6.278 |
ICT | −0.261*** | 6.249 | 0.026** | 2.102 |
Patent | −2.130*** | 3.214 | 0.212 | 1.343 |
C | 7.842*** | 13.36 | 4.139*** | 23.24 |
Diagnostics | ||||
F-test | 13.21*** | 12.25*** | ||
ECM (−1)* | −0.430*** | 11.31 | −0.549*** | 10.81 |
LM | 1.452 | 0.332 | ||
BP | 1.254 | 1.254 | ||
RESET | 0.687 | 1.874 | ||
CUSUM | S | S | ||
CUSUM-sq | S | S |
p < 0.1,
p < 0.05,
p < 0.01.