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ARDL Cointegration Tests for Beginner - UM
eprints.um.edu.myIf the computed statistic falls within the critical value band, the result of the inference is inconclusive and depends on whether the underlying variables are I(0) or I(1). It is at this stage in the analysis that the researcher may have to carry out unit rot tests on the variables. The long run coefficient (or elasticity) of x, that is, E