(e) Suppose you have been given the following ordinary least squares (OLS) regression result. Estimated Long Run Coefficients using the ARDL Approach ARDL (1,2,2,2,0,2) selected based on Akaike Information Criterion Dependent variable is LY 33 observations used for estimation from 1987 to 2019 Regressor LK T-Ratio [Prob.] 4.6671[0.000] 4.6678[0.051] 7.9897[0.043] -4.802[0.009] 2.3898[0.028] 1.0498[0.308] Coefficient Standard Error 0.36068 0.077280 LM 0.45447 0.097363 LE 0.48751 0.061017 LF -0.41208 0.085800 LT 0.19057 0.079744 0.52521 0.500320 where, Y = Economic growth K = Capital M = Employment E = Electricity consumption F = Foreign direct investment T= Technology %3D %3D
(e) Suppose you have been given the following ordinary least squares (OLS) regression result. Estimated Long Run Coefficients using the ARDL Approach ARDL (1,2,2,2,0,2) selected based on Akaike Information Criterion Dependent variable is LY 33 observations used for estimation from 1987 to 2019 Regressor LK T-Ratio [Prob.] 4.6671[0.000] 4.6678[0.051] 7.9897[0.043] -4.802[0.009] 2.3898[0.028] 1.0498[0.308] Coefficient Standard Error 0.36068 0.077280 LM 0.45447 0.097363 LE 0.48751 0.061017 LF -0.41208 0.085800 LT 0.19057 0.079744 0.52521 0.500320 where, Y = Economic growth K = Capital M = Employment E = Electricity consumption F = Foreign direct investment T= Technology %3D %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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