D (gdp(−2)) | 0.582206 | −0.117172 | −0.257797 | −0.030260 | 0.30509** |
| [1.26544] | [−1.05041] | [−0.28482] | [−0.30553] | [2.15988] |
D (tvtsr(−1)) | −0.076564 | −0.015325 | 0.161283 | 0.018375 | −0.04449*** |
| [−1.38942] | [−1.14701] | [1.48774] | [1.54905] | [−2.62988] |
D (tvtsr(−2)) | −0.035132 | 0.015447 | −0.067288 | 0.015113 | −0.027082 |
| [−0.64733] | [1.17388] | [−0.63022] | [1.29357] | [−1.62530] |
D (dctps(−1)) | 0.954952* | 0.051083 | −1.311182 | 0.007705 | 0.032698 |
| [1.88682] | [0.41629] | [−1.31686] | [0.07072] | [0.21042] |
D (dctps(−2)) | −0.353492 | −0.286275** | −0.514425 | 0.125461 | −0.091890 |
| [−0.73322] | [−2.44910] | [−0.54238] | [1.20889] | [−0.62080] |
D (gfcf(−1)) | −0.146210 | 0.152304* | −0.157167 | −0.110330 | −0.112532 |
| [−0.40522] | [1.74097] | [−0.22141] | [−1.42046] | [−1.01583] |
D (gfcf(−2)) | −0.166917 | 0.186164** | −0.886642 | 0.023852 | 0.014269 |
| [−0.45453] | [2.09088] | [−1.22728] | [0.30173] | [0.12655] |
C | −0.027235 | 0.05587*** | 0.045162 | 0.015005 | 0.008015 |
| [−0.41859] | [3.54164] | [0.35282] | [1.07133] | [0.40122] |