Saungwem, Talknice; Maluleke, Glenda; Odhiambo, Nicholas M. - In: Croatian review of economic, business and social … 9 (2023) 1, pp. 61-77
(ARDL) models. The study also utilised the bounds F-test for cointegration, the Brock-Dechert-Scheinkman (BDS) nonlinearity … cointegration. The BDS test results indicate that the series are nonlinear, while Wald test results revealed an asymmetric …. Estimation results for the symmetric ARDL regression model provide no evidence of a statistically significant impact of public …