Short run estimates

Variables

Coefficients

t-statistic

Probability

TC_PIB (−1)

0.054731

0.134077

0.4082

D (FBCF)

−0.346244

−5.444565

0.0000

D (FBCF (−1))

0.185109

3.695527

0.0018

D (FBCF (−2))

0.361165

6.148337

0.0000

D (FBCF (−3))

0.219226

3.735037

0.0016

D (IDE)

−0.013576

−0.201309

0.8428

D (IDE (−1))

−0.234044

−2.166146

0.0448

D (IDE (−2))

−0.025970

−0.227862

0.8225

D (IDE (−3))

−0.211090

−1.838222

0.0836

D (OUV)

0.111018

2.347031

0.0313

D (TC_POP)

−3.138491

−0.081043

0.9364

D (TC_POP (−1))

−169.7202

−1.921586

0.0716

D (TC_POP (−2))

270.3480

3.050472

0.0072

D (TC_POP (−3))

−231.5937

−5.904962

0.0000

CointEq (−1)*

−0.945269

−11.18861

0.0000

Long run estimates

FBCF

−0.694764

−2.439733

0.0259

IDE

0.426884

1.350445

0.1946

OUV

0.198956

1.891233

0.0758

TC_POP

22.58775

3.768912

0.0015

EDUC

0.127069

0.820766

0.4231

C

−72.72615

−4.003828

0.0009

Diagnostic test of the model

Type of test

Tests

Values

Probability

Autocorrelation

Breusch-Godfrey

0.76

0.48

Hétéroscédasticity

Breusch-Pagan-Godfrey

0.66

0.80

Normality

Jarque-Bera

0.63

0.72

Spécification

Ramsey (Fisher)

0.46

0.50

R-squared

0.786015

Ajusted R-squared

0.594555