Table 6.
Error correction model (ECM) based on ARDL (2, 3)
| Predictor | Coefficient | SE |
|---|---|---|
| ∆πe | 0.0056 | 0.0980 |
| ECM(−1) | −0.3725*** | 0.0961 |
Source: Author’s compilation
***Indicate significance at 1% level
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