“…The ARDL model is one of the most frequently applied methods in multiple studies on the subject, primarily attributed to the fact that the model allows the estimation of economic variables that have a different order of integration; and as well, academics consider that the ARDL technique is the most appropriate technique to identify immediate impact coefficients. Therefore, the ARDL method is considered the best for short-term evaluation (Razmi et al, 2020), (Habib-ur-Rahman et al, 2020), (Nguyen and Ngoc, 2020), (Nadeem et al, 2020), (Le et al, 2020), (Koondhar et al, Kong, 2020), (Khan et al, 2020) and (Mirza & Kanwal, 2017).…”