GR 0.0022 INF 0.3720 0.0000 INT 0.2682 0.0059 WAGE 0.0226 TAXIN 0.8565 0.0016 EDU 0.1404 0.2333 0.0000 FEMALE 0.0435 URBAN 0.3330 0.3471 0.0188 *These numbers show the
Can We use ARDL model for the following information? If not, what is
your suggestion for the model? If yes, why?
Table 1. Unit Root Test
Variable Level First Difference Second Difference
UN 0.0000*
GR 0.0022
INF 0.3720 0.0000
INT 0.2682 0.0059
WAGE 0.0226
TAXIN 0.8565 0.0016
EDU 0.1404 0.2333 0.0000
FEMALE 0.0435
URBAN 0.3330 0.3471 0.0188
*These numbers show the P-Value.
Table2. Cointegration Test
Hypothesized Trace 0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None * 0.998292 580.3047 159.5297 0.0000
At most 1 * 0.991600 408.2568 125.6154 0.0000
At most 2 * 0.977966 279.2106 95.75366 0.0000
At most 3 * 0.960113 176.2016 69.81889 0.0000
At most 4 * 0.748764 89.21584 47.85613 0.0000
At most 5 * 0.624056 51.91909 29.79707 0.0000
At most 6 * 0.528664 25.50456 15.49471 0.0011
At most 7 * 0.175048 5.195616 3.841466 0.0226
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