Impact of Foreign Direct Investment, Trade Openness, Domestic Demand, and Exchange Rate on the Export Performance of Bangladesh: A VEC Approach

Table 6

Estimates of VEC model.

Variable	Coefficient	Std. Error	𝑡-statistic	Prob.
𝐶	15.69342	9.154058	1.714368	0.0894
𝑒𝑡−1	−0.050018	0.054919	−0.910753	0.3645
ΔEXPG(−1)	−0.331052	0.202225	−1.637051	0.1046
ΔEXR(−1)	−0.080263	0.189708	−0.423090	0.6731
ΔFDIG(−1)	1.269648	0.582515	2.179598	0.0315
ΔGFCG(−1)	0.190388	0.541548	0.351562	0.7259
ΔPDEN(−1)	−0.778147	0.470700	−1.653171	0.1013
𝑅-squared	0.333364	Mean dependent var		0.559707
Adjusted 𝑅-squared	0.142896	S.D. dependent var		0.984798
S.E. of regression	0.911725	Akaike AIC		2.865362
Sum squared resid	17.45610	Schwarz SC		3.198413
Log likelihood	−33.11506	𝐹-statistic		1.750240