Variable | Conditional Error Correction Regression | |||||||
Coefficient | Std. Error | t-Statistic | Prob. | |||||
C | 0.518620 | 0.126757 | 4.091435 | 0.0005 | ||||
GDP (−1)* | −0.555860 | 0.128577 | −4.323171 | 0.0003 | ||||
GFC** | 0.003506 | 0.001554 | 2.255222 | 0.0349 | ||||
INFL (−1) | −0.002216 | 0.001765 | −1.255642 | 0.2230 | ||||
UNMPL (−1) | −0.005641 | 0.001643 | −3.434010 | 0.0025 | ||||
FDI** | 0.000406 | 0.000209 | 1.944375 | 0.0654 | ||||
D (INFL) | −0.000837 | 0.001195 | −0.700200 | 0.4915 | ||||
D (UNMPL) | −0.005526 | 0.001836 | −3.009782 | 0.0067 | ||||
D (UNMPL (−1)) | 0.004377 | 0.001724 | 2.538823 | 0.0191 | ||||
Levels Equation Case 3: Unrestricted Constant and No Trend | ||||||||
Variable | Coefficient | Std. Error | t-Statistic | Prob. | ||||
GFC | 0.006307 | 0.002961 | 2.130047 | 0.0452 | ||||
INFL | −0.003986 | 0.002790 | −1.428853 | 0.1678 | ||||
UNMPL | −0.010149 | 0.001276 | −7.956164 | 0.0000 | ||||
FDI | 0.000730 | 0.000405 | 1.801186 | 0.0861 | ||||