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Asymmetric Adjustment of the Malaysian Stock Price-Inflation Nexus: An Empirical Analysis

Table 3: OLS and Engle–Granger (EG) cointegration tests

Panel A: OLS
  KLCI BANK
Coeff t-stat   Coeff t-stat  
Constant -573.3859 -7.9638 *** -646.5653 -19.4007 ***
CPI 18.7295 25.4247 *** 12.3410 36.1918 ***
Panel B: Engle–Granger (EG) cointegration test
ADF (tau-stat) -3.3309 ***   -3.5477 ***  
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