The Remittances-Output Nexus: Empirical Evidence from Egypt

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr class="thead"><td align="left" rowspan="2">Information criterion</td><td align="center" rowspan="2">ARDL model</td><td align="center" colspan="3">Regressors</td></tr><tr class="thead"><td align="center">Intercept</td><td align="center">Trend</td><td align="center"><span style="width: 51.112499px;"><svg height="16.6" id="M51" style="vertical-align:-2.73372pt" version="1.1" viewbox="0 0 51.112499 16.6" width="51.112499" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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</svg></span></td></tr><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr><td align="left">SBIC</td><td align="center">ARDL(1,0)</td><td align="center">23.284*** (0.547)</td><td align="center">0.043***(0.001)</td><td align="center">0.048*(0.024)</td></tr><tr class="table-tr"><td colspan="5"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td>The dependent variable is <svg height="16.6" id="M52" style="vertical-align:-2.73372pt" version="1.1" viewbox="0 0 57.950001 16.6" width="57.950001" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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</svg>. Asymptotic standard errors are in parentheses. The optimal lag length of the ARDL model is determined based on the Schwarz-Bayesian information criterion (SBIC).<br/><svg height="13.75" id="M53" style="vertical-align:-0.0pt" version="1.1" viewbox="0 0 31.4 13.75" width="31.4" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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</svg>indicate statistical significance at the 1%, and 10% levels, respectively.<br/></td></tr></table>

Estimated long-run coefficients using the ARDL approach.       

Economics Research International

tab3

Table 3

Table 3: The Remittances-Output Nexus: Empirical Evidence from Egypt 