DIVGDollar Index Value of Gold (currency index)
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On the other hand table-6 shows that the relationship between GDP and geographical export diversification (divg) is insignificant.
However, the relationship between GDP and DIVg (geographical export diversification) is found insignificant for all three cointegration regressions.
Moreover two extra terms [[Phi].sub.k] = 2[Mu][(grad [square root of k]).sup.2] and [[Phi].sub.[Epsilon]]: = 2[Mu][Mu]t/[Rho] [(divG).sup.2] have been added to the standard version.