Table 6 Results of ARDL equation
From: Effects of health on changing labor force participation in Pakistan
Dependent variable: ∆ log (LFPR) t | ||||
|---|---|---|---|---|
Variable | Coefficient | Std. Error | t-Statistic | Prob. |
C | 6.336 | 2.624 | 2.414 | 0.094 |
LOG(LFPR t-1) | −1.258 | 0.217 | −5.774 | 0.010 |
LOG(AD t-1) | −0.082 | 0.253 | −0.327 | 0.764 |
LOG(HEXP t-1) | −0.012 | 0.016 | −0.722 | 0.522 |
LOG(IMR t-1) | −0.653 | 0.206 | −3.159 | 0.050 |
LOG(GCF t-1) | −0.137 | 0.033 | −4.044 | 0.027 |
LOG(LE t-1) | 0.745 | 0.427 | 1.745 | 0.179 |
LOG(PPBED t-1) | 0.027 | 0.114 | 0.241 | 0.824 |
LOG(SSE t-1) | −0.220 | 0.059 | −3.733 | 0.033 |
LOG(TOP t-1) | −0.170 | 0.032 | −5.217 | 0.013 |
∆LOG(LFPR t-1) | 0.124 | 0.084 | 2.852 | 0.074 |
∆LOG(AD t-1) | −0.019 | 0.017 | −1.088 | 0.356 |
∆LOG(HEXP t-1) | 1.017 | 0.202 | 5.029 | 0.015 |
∆LOG(IMR t-1) | −0.147 | 0.026 | −5.563 | 0.011 |
∆LOG(GCF t-1) | −0.001 | 0.233 | −2.189 | 0.074 |
∆LOG(LE t-1) | 0.179 | 0.079 | 2.264 | 0.108 |
∆LOG(PPBED t-1) | 0.171 | 0.044 | 3.858 | 0.030 |
∆LOG(SSE t-1) | −0.095 | 0.022 | −4.275 | 0.023 |
∆LOG(TOP t-1) | 0.442 | 0.235 | 2.880 | 0.032 |
11. Model criteria/Goodness of Fit: | ||||
R-square = 0.940; Adjusted R-square = 0.871; Wald F-statistic = 11.236 [0.001]** | ||||
111. Diagnostic Checking: | ||||
JB = 8.172 [0.1334]; LM-1 = 1.064 [0.3117]; LM-2 = 0.705 [0.503]; LM-3 = 0.491 [0.691]; ARCH (1) = 0.238 [0.627]; ARCH-2 = 1.044 [0.360]; ARCH-3 = 0.699 [0.562]; White Heteroscedasticity = 0.404 [0.971]; Ramsey RESET = 2.009 [0.155] | ||||