Table 3.
Bounds Test To cointegration based on ARDL (2,0,1,0,0).
| Equation/Model 1 | F | K | Critical values | ||
|---|---|---|---|---|---|
| C = f(P, Y, Edu, Pop15) | 4.683 | 4 | % | I(0) | I (1) |
| 10 | 2.671 | 3.902 | |||
| 5 | 3.243 | 4.635 | |||
| 1 | 4.606 | 6.368 | |||
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