Country | Model | (p, q) | μ | γ 1 | γ 2 | ψ 0 | ψ 1 | ψ 2 | θ 1 | R 2 | DW | BPG | N |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Algeria | Difference | (1, 1) | 0.742* | 0.393** | −0.148 | −0.158 | −0.516* | 0.39 | −1.00 | 1.03 | 32 | ||
Gap (HP) | (0, 0) | −0.000 | −0.608* | −0.608* | 0.13 | 0.60 | 0.06 | 34 | |||||
Gap (BK) | (0, 2) | 0.001 | −0.420 | −0.468* | −0.471 | −1.359** | 0.27 | 1.59 | 2.16 | 28 | |||
Gap (QT) | (2, 0) | 0.000 | 1.040** | −0.342** | −0.440** | −1.443** | 0.81 | 2.09 | 0.56 | 32 | |||
Bahrain | Difference | (0, 0) | 0.033 | 0.003 | 0.003 | 0.01 | 1.83 | 0.01 | 22 | ||||
Gap (HP) | (1, 0) | −0.000 | 0.343 | 0.043 | 0.066 | 0.14 | None | 0.36 | 22 | ||||
Gap (BK) | (2, 0) | 0.001 | −0.276 | −0.425* | −0.042 | −0.025 | 0.00 | 1.52 | 0.72 | 17 | |||
Gap (QT) | (2, 0) | 0.000 | 0.640** | −0.360 | 0.105 | 0.199 | 0.38 | 2.10 | 0.05 | 21 | |||
Egypt | Difference | (0, 0) | 1.333** | −0.264** | −0.264** | 0.33 | 2.38 | 0.10 | 30 | ||||
Gap (HP) | (0, 0) | 0.000 | −0.535** | −0.535** | 0.45 | 1.46 | 2.09 | 31 | |||||
Gap (BK) | (2, 1) | −0.000 | −0.251 | −0.401 | −0.389 | −0.433 | −0.469* | 0.20 | 2.13 | 2.46 | 25 | ||
Gap (QT) | (1, 0) | 0.000 | 0.540** | −0.177 | −0.456** | 0.47 | 5.87 | 1.58 | 30 | ||||
Iran | Difference | (0, 0) | 0.547 | −0.098* | −0.098* | 0.13 | 1.87 | 0.60 | 32 | ||||
Gap (HP) | (1, 0) | 0.000 | 0.496** | −0.183* | −0.362* | 0.42 | 1.72 | 0.53 | 32 | ||||
Gap (BK) | (0, 0) | −0.000 | −0.188* | −0.188* | 0.08 | 2.04 | 0.01 | 29 | |||||
Gap (QT) | (2, 0) | 0.001 | 0.775** | −0.261* | −0.173* | −0.342* | 0.58 | 2.08 | 0.54 | 31 | |||
Jordan | Difference | (1, 2) | 1.953** | −0.307** | −0.039 | −0.207 | −0.173* | −0.336** | 0.49 | 0.60 | 0.14 | 29 | |
Gap (HP) | (1, 1) | −0.000 | 0.359** | −0.160 | −0.469** | −0.991** | 0.67 | −1.32 | 0.74 | 30 | |||
Gap (BK) | (1, 2) | 0.000 | −0.319* | −0.267 | −0.422 | −0.440* | −0.868** | 0.45 | −4.68 | 2.09 | 26 | ||
Gap (QT) | (1, 0) | 0.000 | 0.632** | −0.378** | −1.050** | 0.69 | −0.98 | 2.09 | 30 | ||||
Kuwait | Difference | (2, 1) | −0.162 | −0.324 | −0.287 | 0.019 | 0.038* | 0.036* | 0.32 | 2.16 | 4.52 | 31 | |
Gap (HP) | (1, 2) | 0.000 | 0.320* | −0.006 | 0.037 | −0.108** | −0.114 | 0.45 | −3.05 | 3.33 | 32 | ||
Gap (BK) | (2, 1) | 0.000 | −0.241* | 0.081** | 0.004* | −0.415* | 0.073** | 0.47 | 2.13 | 1.97 | 28 | ||
Gap (QT) | (2, 2) | 0.000 | 0.416 | −0.141 | −0.019 | 0.056 | −0.146** | −0.152 | 0.60 | 2.66 | 6.36 | 32 | |
Lebanon | Difference | (2, 1) | 0.883 | −0.667** | −0.347* | −0.108* | −0.131 | −0.119** | 0.46 | 2.36 | 0.15 | 20 | |
Gap (HP) | (0, 0) | −0.000 | −0.297** | −0.297** | 0.34 | 2.06 | 0.27 | 23 | |||||
Gap (BK) | (2, 2) | 0.000 | −0.327 | −0.245 | −0.266* | −0.657* | −0.246 | −0.382* | 0.53 | 2.51 | 3.12 | 17 | |
Gap (QT) | (0, 0) | −0.000 | −0.121* | −0.121* | 0.24 | 1.73 | 1.02 | 23 | |||||
Morocco | Difference | (0, 0) | 0.016 | −0.060 | −0.060 | 0.02 | 2.39 | 0.00 | 26 | ||||
Gap (HP) | (0, 0) | 0.000 | −0.301 | −0.301 | 0.07 | 1.53 | 7.21 | 27 | |||||
Gap (BK) | (2, 0) | −0.000 | −0.371 | −0.625** | −0.200 | −0.1.00 | 0.41 | 1.75 | 2.65 | 21 | |||
Gap (QT) | (1, 0) | 0.001 | 0.537** | 0.024 | 0.227 | 0.29 | −0.18 | 2.69 | 26 | ||||
Oman | Difference | (2, 1) | 0.066 | 1.361** | −0.669** | −0.002 | −0.010* | −0.038 | 0.82 | 2.15 | 0.34 | 20 | |
Gap (HP) | (1, 0) | −0.000 | 0.459* | 0.038 | 0.128 | 0.25 | 0.03 | 0.60 | 22 | ||||
Gap (BK) | (0, 0) | −0.000 | 0.100 | 0.100 | 0.12 | 2.35 | 2.32 | 19 | |||||
Gap (QT) | (2, 0) | −0.000 | 0.540*** | −0.196 | −0.006 | −0.014 | 0.26 | 2.12 | 0.35 | 21 | |||
Qatar | Difference | (2, 2) | 0.041 | 0.609** | −0.333* | 0.006 | −0.024** | 0.015** | −0.005 | 0.69 | 1.60 | 0.34 | 20 |
Gap (HP) | (1, 2) | −0.000 | 0.252 | 0.041 | −0.094 | 0.076* | 0.046 | 0.20 | None | 0.50 | 22 | ||
Gap (BK) | (0, 1) | −0.000 | 0.088** | −0.120** | −0.034 | 0.45 | 2.54 | 0.41 | 19 | ||||
Gap (QT) | (2, 2) | 0.000 | 0.011 | −0.218 | 0.021 | −0.044 | 0.019 | 0.034 | 0.11 | 2.10 | 0.54 | 21 | |
Saudi Arabia | Difference | (2, 0) | −0.444 | −0.157 | −0.239 | 0.138 | 0.099* | 0.22 | 2.06 | 6.10 | 20 | ||
Gap (HP) | (2, 0) | −0.000 | 0.222* | −0.064 | −0.151* | 0.202* | 0.34 | 1.76 | 0.86 | 23 | |||
Gap (BK) | (0, 0) | −0.000 | 0.311* | 0.311* | 0.21 | 2.16 | 0.37 | 19 | |||||
Gap (QT) | (2, 1) | 0.000 | 0.285 | −0.364 | 0.186 | −0.147 | 0.092* | 0.25 | 2.20 | 1.51 | 21 | ||
Sudan | Difference | (0, 0) | −0.516** | 0.050* | 0.050* | 0.08 | 1.62 | 1.75 | 30 | ||||
Gap (HP) | (1, 1) | −0.000 | 0.618** | 0.024 | −0.150 | −0.438 | 0.40 | 0.34 | 4.30 | 30 | |||
Gap (BK) | (0, 1) | 0.000 | 0.038 | −0.116 | −0.052 | 0.11 | 2.26 | 0.37 | 27 | ||||
Gap (QT) | (2, 0) | −0.000 | 0.786** | −0.272* | 0.236** | 0.442* | 0.73 | 2.21 | 2.27 | 29 | |||
Syria | Difference | (1, 2) | −0.6020 | −0.217 | −0.130 | 0.086 | 0.198 | 0.082 | 0.19 | −0.91 | 0.82 | 20 | |
Gap (HP) | (2, 2) | 0.002 | 1.905** | −0.927** | 0.018* | 0.004 | −0.017* | 0.198 | 0.98 | 1.01 | 0.84 | 20 | |
Gap (BK) | (0, 0) | 0.001 | −0.416 | −0.416 | 0.03 | 2.25 | 0.47 | 18 | |||||
Gap (QT) | (0, 1) | 0.001 | −0.579* | 0.324 | −0.305 | 0.19 | 1.60 | 0.38 | 22 | ||||
Tunisia | Difference | (0, 0) | 0.361 | −0.067 | −0.067 | 0.02 | 0.68 | 0.05 | 25 | ||||
Gap (HP) | (0, 0) | −0.000 | −0.264 | −0.264 | 0.13 | 1.23 | 0.03 | 25 | |||||
Gap (BK) | (1, 0) | −0.001 | −0.540* | −0.307 | −0.307 | 0.29 | 1.96 | 0.47 | 20 | ||||
Gap (QT) | (0, 0) | −0.000 | −0.293 | −0.293 | 0.17 | 0.84 | 1.21 | 25 | |||||
Turkey | Difference | (0, 0) | 0.582* | −0.114** | −0.114** | 0.25 | 1.86 | 0.63 | 33 | ||||
Gap (HP) | (1, 0) | −0.000 | 0.331** | −0.192* | −0.287* | 0.21 | 4.80 | 0.17 | 33 | ||||
Gap (BK) | (2, 0) | 0.000 | −0.088 | −0.471** | −0.262* | −0.168** | 0.48 | 2.02 | 0.47 | 28 | |||
Gap (QT) | (1, 1) | −0.001 | 0.695** | −0.190 | 0.073 | −0.218* | 0.42 | 2.10 | 0.15 | 33 | |||
UAE | Difference | (0, 1) | −0.035 | −0.049** | 0.063** | 0.014 | 0.55 | 2.46 | 1.19 | 22 | |||
Gap (HP) | (0, 1) | −0.000 | −0.079* | 0.101* | 0.006 | 0.22 | 1.93 | 2.26 | 23 | ||||
Gap (BK) | (0, 0) | −0.000 | −0.096 | −0.096 | 0.11 | 2.27 | 5.90 | 19 | |||||
Gap (QT) | (1, 0) | −0.002 | 0.185 | 0.024 | 0.018 | 0.07 | 1.90 | 0.51 | 22 | ||||
Yemen | Difference | (0, 0) | −0.762 | −0.218 | 0.219* | 0.219* | 0.15 | 2.17 | 6.52 | 22 | |||
Gap (HP) | (0, 0) | −0.000 | 0.430* | 0.430* | 0.09 | 1.77 | 0.01 | 23 | |||||
Gap (BK) | (0, 0) | −0.001 | 0.924** | 0.924** | 0.28 | 2.35 | 0.07 | 19 | |||||
Gap (QT) | (0, 0) | −0.000 | 0.309** | 0.309** | 0.06 | 1.73 | 0.08 | 23 |