Variable | Model 1 | Variable | Model 2 | ||
Coef. | Prob.* | Coef. | Prob.* | ||
D(LRE(−1)) | 0.2365** | 0.0411 | D(LTC(−1)) | 0.0985 | 0.3276 |
(0.100965) | (0.095156) | ||||
D(LRE(−2)) | 0.3536** | 0.0180 | D(LTC(−2)) | 0.0675 | 0.4794 |
(0.125231) | (0.091561) | ||||
D(LRE(−3)) | −0.2638** | 0.0118 | D(LTC(−3)) | −0.3205*** | 0.0029 |
(0.085934) | (0.079158) | ||||
D(LPIBH_C) | 0.0046 | 0.5380 | D(LPIBH_C) | −0.0877*** | 0.0006 |
(0.007313) | (0.016851) | ||||
D(LFBCFC) | 0.0619*** | 0.0000 | D(LPIBH_C(−1)) | 0.0498** | 0.0305 |
(0.008608) | (0.019441) | ||||
D(LFBCFC(−1)) | −0.1376*** | 0.0000 | D(LFBCFC) | −0.0885*** | 0.0004 |
(0.015197) | (0.016006) | ||||
D(LFBCFC(−2)) | −0.1089*** | 0.0000 | D(LFBCFC(−1)) | 0.2496*** | 0.0000 |
(0.011078) | (0.023979) | ||||
D(LFBCFC(−3)) | −0.0572*** | 0.0002 | D(LFBCFC(−2)) | 0.1823*** | 0.0000 |
(0.009754) | (0.018694) | ||||
D(LM) | −0.0791*** | 0.0001 | D(LFBCFC(−3)) | 0.1017*** | 0.0006 |
(0.012455) | (0.019714) | ||||
D(LM(−1)) | 0.0842*** | 0.0000 | D(LM) | 0.1430*** | 0.0003 |
(0.011997) | (0.025555) | ||||
CointEq(−1) | −0.9948*** | 0.0000 | D(LM(−1)) | −0.1702*** | 0.0000 |
(0.099574) | (0.022099) | ||||
CointEq(−1) | −0.7184*** | 0.0000 | |||
(0.065705) |