Impacts of Voice and Accountability upon Innovation in Pakistan: Evidence from ARDL and Maki Cointegration Approaches

Table 6

Results of bound testing for the ARDL model.

Estimated model	INN = f(VAA, TSM, INF, SAV)
Lag order	(4, 3, 5, 5, 5)
F-statistic value	13.851
Critical bound value
Significance level	I(0) bound	I(1) bound
10% level	2.345	3.280
5% level	2.763	3.813
1% level	3.738	4.947