Submitted:
19 August 2025
Posted:
22 August 2025
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Abstract
Keywords:
Introduction
Research Aim
Literature Review
Data and Research Methodology
Data
Variables Chosen
Methodology
ARDL Model
Bound Test
Policy Evaluation
Bridging the Gap and Economic Growth
Appendix A

References
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| Variables | ADF Test | PP Test | ||
| (With intercept and trend) | (With intercept and trend) | |||
| Level | First Difference | Level | First Difference | |
| NA (Y) | 0.5931 | -4.6656*** | 0.9323 | -4.5222*** |
| GG | -0.8121 | -5.3895*** | -0.8121 | -5.4329*** |
| P | 0.6517 | -8.5096*** | 0.9701 | -12.0863*** |
| W | 1.5719 | -6.5050*** | 1.3686 | -6.2795*** |
| F-statistics | Level of Significance | Critical Bound F-statistics |
||
| I(0) LCB | I(1) UCB | |||
| 74.28745 | 1% | 4.29 | 5.61 | |
| 5% | 3.23 | 4.35 | ||
| 10% | 2.72 | 3.77 | ||
| Dependent Variable: Y | ||||
| Variables | Coefficient | SE | T-Ratio | P |
| GG | -0.014723 | 0.005818 | 2.530314 | 0.0646 |
| W | -2.643057 | 0.019374 | 136.4211* | 0.0000 |
| P | 1.614927 | 0.039794 | -40.58261* | 0.0000 |
| Dependent Variable: Y | ||||
| Variables | Coefficient | SE | T-Ratio | P |
| C | 152.5293 | 9.216524 | 16.549* | 0.0001 |
| GG | -2.4844324 | 0.151214 | -16.429* | 0.0001 |
| W(-1) | 0.036577 | 0.014724 | 2.48422 | 0.0679 |
| P(-1) | 6.566474 | 0.409276 | 16.044* | 0.0001 |
| D(W) | -4.012162 | 0.253478 | -15.828* | 0.0001 |
| D(P) | 2.481617 | 0.050217 | 49417* | 0.0000 |
| -1.512074 | 0.076780 | 19.693* | 0.0000 | |
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