Article · August 021 doi: 10. 13106/jafeb. 2021. vo n 0345 citations 14 reads 5,190 authors

Table 5: The Estimated Results of Short-Term Influence
Variables
Coefficient
Standard 
Error
Public Investment
–0.014754***
0.015642
Domestic private 
investment
0.002239**
0.003337
Foreign direct investment
0.003708*
0.008687
Trade openness
–0.099888***
0.021827
Labour
–0.014468**
0.005793
Recurrent Expenses
–0.076258*
0.058381
The adjusted coefficient for 
long-term equilibrium 
–0.454205***
0.039779
Note: (***), (**) and (*) denote significance at 1%, 5% and (10%) 
respectively.
Table 6: The Estimated Results of Long-Term Influence
Variables
Coefficient
Standard 
Error
Public investment
–0.019590**
0.006141
Domestic private investment
0.002332*** 0.000482
Foreign direct investment
0.009672*** 0.000565
Trade openness
0.019319**
0.006465
Labour
0.032277*** 0.000787
Note: (***), (**) denote significance at 1% and 5%, respectively. 

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Khang The NGUYEN, Hung Thanh NGUYEN / Journal of Asian Finance, Economics and Business Vol 8 No 8 (2021) 0345–0353
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