An Empirical Analysis of the Effects of Population Growth on Economic Growth in Ethiopia Using an Autoregressive Distributive Lag (ARDL) Model Approach
Table 6
Results of short-run ARDL and error correction model.
Variable
Coefficient
Std. error
t-Statistic
Prob.
D (LNRGDP (−1))
0.437488
0.096066
4.554035
0.0002
D (FDI)
2.62E − 11
2.26E − 11
1.161598
0.2598
D (PREM)
0.000226
2.73E − 05
8.306190
0.0000
D (RI)
0.002391
0.000611
3.910762
0.0009
D (RI (−1))
−0.007993
0.001024
−7.808011
0.0000
D (RI (−2))
−0.003631
0.000712
−5.102695
0.0001
D (LNGCF)
0.159154
0.032433
4.907130
0.0001
D (LNGCF (−1))
−0.380966
0.062225
−6.122378
0.0000
D (LNGCF (−2))
−0.214824
0.036065
−5.956529
0.0000
CointEq (−1)
−0.584298
0.082597
−14.00088
0.0000
value incompatible with t-bound distribution. Source: authors' own computation.
