Page 14 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.81, # 1, 2024, pp. 4-21

From Table (06), the critical value reached 8.91, which is higher than the upper value
at a 5% significance level, meaning we reject the null hypothesis and accept the
alternative hypothesis, which states the existence of a long-term equilibrium link .

T-Bounds Test
The test results are as follows:

Table 7: T-Bounds Test Results

Source: Compiled by the researcher depending on: outputs of EViews 12.

From Table (07), the critical value reached 3.54 in absolute terms, higher than the
upper value in absolute terms at a 5% significance level, meaning we reject the null
hypothesis and accept the alternative hypothesis, indicating a long-term equilibrium
link.

Exogenous F-Bounds Test
This test examines the exogeneity of the independent variable, and the results are as
follows:
Table 8: Exogenous F-Bounds Test Results

Source: Compiled by the researcher depending on: outputs of EViews 12.

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