Research Article
The Remittances-Output Nexus: Empirical Evidence from Egypt
Table 2
Cointegration bounds test.
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denotes the first-order difference operator. The -test examines the joint significance of the coefficients of the lagged level variables (: ) and the -test examines the statistical significance of the coefficient on the lagged level of the dependent variable (: = 0). The lower and upper bound critical values are obtained from Pesaran et al. [5]. |