Table 5.

The results of long-run coefficients

Variables	Coefficients	Std. Error	t-Statistic	Probability
LNGLOB	0.108c	0.033	3.278	0.005
LNRE	0.011c	0.002	6.814	0.000
LNNRE	-0.092c	0.021	-4.303	0.001
LNICT	0.003c	0.001	3.819	0.002
LNGDPC	0.050a	0.026	1.914	0.075
LNEDU	0.054c	0.011	4.788	0.000
LNFD	0.005b	0.002	2.839	0.013

(^a, ^b and ^c represent the level of statistical significance at 10%, 5% and 1%, respectively)