The constant term was marginally significant, possibly indicating a base level of tourist arrivals independent of macroeconomic conditions. 4.5 Short run estimation Table 6 presents the results of the ECM estimation.
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Assessing the Macroeconomic Determinants of International Tourist Arrival in India: An ARDL Bounds Testing Approach.
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The results showed an F-statistic of 3.4271 with a p-value of 0.0827, which is not statistically important at the conventional 5% level but indicates marginal significance at the 10% level.