Akaike Information Criteria
4.6
4.5
4.4
4.3
4.2
4.1
4.0
3.9
ARDL(1, 3)
ARDL(2, 3)
ARDL(1, 4)
ARDL(3, 3)
ARDL(2, 4)
ARDL(4, 3)
ARDL(3, 4)
ARDL(4, 4)
ARDL(2, 2)
ARDL(1, 2)
ARDL(2, 1)
ARDL(1, 0)
ARDL(3, 2)
ARDL(2, 0)
ARDL(1, 1)
ARDL(3, 1)
ARDL(4, 2)
ARDL(3, 0)
ARDL(4, 1)
ARDL(4, 0)
ECM Regression
Case 2: Restricted Constant and No Trend
Variable Coefficient Std. Error t-Statistic Prob.
D(POP_GROWTH_RATE) 7.045051 1.842254 3.824148 0.0009
D(POP_GROWTH_RAT... -12.35134 3.021938 -4.087223 0.0005
D(POP_GROWTH_RAT... 8.564945 2.175586 3.936846 0.0007
CointEq(-1)* -1.387958 0.181769 -7.635852 0.0000
R-squared 0.735441 Mean dependent var 0.146071
Adjusted R-squared 0.702371 S.D. dependent var 2.783473
ECM Regression
Case 2: Restricted Constant and No Trend
Variable Coefficient Std. Error t-Statistic Prob.
D(POP_GROWTH_RATE) 7.045051 1.842254 3.824148 0.0009
D(POP_GROWTH_RAT... -12.35134 3.021938 -4.087223 0.0005
D(POP_GROWTH_RAT... 8.564945 2.175586 3.936846 0.0007
CointEq(-1)* -1.387958 0.181769 -7.635852 0.0000
ARDL(4, 2)
ARDL(3, 0)
ARDL(4, 1)
ARDL(4, 0)
on
t and No Trend
d. Error t-Statistic Prob.
842254 3.824148 0.0009
021938 -4.087223 0.0005
175586 3.936846 0.0007
181769 -7.635852 0.0000
n dependent var 0.146071
dependent var 2.783473
istic Prob.
148 0.0009
223 0.0005
846 0.0007
852 0.0000