LNSGDP

LNSH

LNSJ

LNSGDP(−1)

0.882523

−0.212918

−0.057954

(0.04434)

(0.05793)

(0.07049)

[19.9046]

[−3.67543]

[−0.82220]

LNSH(−1)

0.106654

0.874460

−0.206475

(0.03964)

(0.05179)

(0.06301)

[2.69089]

[16.8860]

[−3.27685]

LNSJ(−1)

0.011556

0.207451

1.075164

(0.03211)

(0.04196)

(0.05105)

[0.35986]

[4.94422]

[21.0601]

C

−0.022715

1.854811

2.321818

(0.30918)

(0.40397)

(0.49152)

[−0.07347]

[4.59149]

[4.72372]

R-squared

0.998592

0.993836

0.998065

Adj. R-squared

0.998408

0.993032

0.997813

S.E. equation

0.041423

0.054122

0.065853

Log likelihood

49.81888

42.59897

37.30225