Table 5 PMG and DFE estimates from panel ARDL model for GDP per capita and relative price
From: Analysis of long-term prices of micronutrient-dense and starchy staple foods in developing countries
Variables | PMG (p = 1, q = 1) | DFE (p = 1, q = 1) |
|---|---|---|
Long-run coefficients | ||
ln_gdp | − 0.190*** (0.050) | − 0.076** (0.028) |
ln_interest_rates | − 0.166*** (0.062) | − 0.007* (0.005) |
ln_fuel | − 0.022 (0.034) | − 0.088 (0.064) |
ECT | − 0.082*** (0.014) | − 0.057*** (0.005) |
Short-run coefficients | ||
Δ(ln_gdp) | 0.290 (0.469) | 0.014 (0.039) |
Δ(ln_interest_rates) | 0.065 (0.044) | 0.005 (0.012) |
Δ(ln_fuel) | − 0.066* (0.037) | − 0.003* (0.002) |
_cons | 0.183*** (0.034) | − 0.018 (− 0.44) |
Number of observations | 4542 | 4542 |
Number of countries | 23 | 23 |
Log-Likelihood | 8942 | Â |