The short-run dynamics: error correction representation of the selected ARDL Model
| Estimate | SE | t-stat | p Value | |
| ∆Intercept | 5.300 | 1.897 | 2.794 | 0.10 |
| ∆Ln Pi | −0.476 | 0.168 | −2.842 | 0.009 |
| ∆Ln Yi | −0.340 | 0.156 | −2.179 | 0.04 |
| ∆Trend | 0.347 | 0.011 | 3.223 | 0.004 |
| ∆ECT (−1) | −0.406 | 0.124 | −3.283 | 0.003 |
R-squared=0.739.
Adjusted R-squared=0.693.
Durbin–Watson stat=2.300.
Durbin h stat=−1.050 (p=0.293).
F-statistic=16.262 (p=0.0001).