Variable

Coefficient

Std. Error

t-Statistic

Prob.

LGDP

1.978

0.301

6.570

0.000

LGDP(−1)

−0.520

0.285

−1.826

0.072

LRPM(−2)

−0.023

0.021

−1.078

0.285

LREER

2.476

0.181

13.679

0.000

LOPEN

0.235

0.142

1.655

0.103

ECM(−1)

0.798

0.077

10.363

0.000

C

−27.882

2.460

−11.336

0.000

R-squared

0.975

Mean dependent var

12.633

Adjusted R-squared

0.973

S.D. dependent var

0.779

S.E. of regression

0.127

Akaike info criterion

1.193

Sum squared resid

1.087

Schwarz criterion

0.975

Log likelihood

51.147

Durbin-Watson stat

1.895