Variable

Coefficient

Std. Error

t-Statistic

Prob.

LC(−1)

0.462

0.155

2.974

0.004

LGDP

1.147

0.283

4.057

0.000

LRPM

−0.029

0.014

−2.054

0.044

LOPEN(−1)

−0.188

0.079

−2.383

0.020

LREER

1.175

0.354

3.322

0.001

ECM(−1)

0.418

0.161

2.606

0.011

C

−14.051

3.805

−3.692

0.000

R-squared

0.98241

Mean dependent var

13.0768

Adjusted R-squared

0.98085

S.D. dependent var

0.61891

S.E. of regression

0.08564

Akaike info criterion

1.98859

Sum squared resid

0.49875

Schwarz criterion

1.77229

Log likelihood

81.5721

Durbin-Watson stat

1.92105