ECM | D(LNM0) |
| D(LNM1) |
| D(LNM2) |
EC | −0.086 |
| −0.036 |
| −0.005 |
| (0.027) |
| (0.007) |
| (0.001) |
D(LNM0 (−1)) | −0.110 | D(LNM1 (−1)) | −0.287 | D(LNM2 (−1)) | −0.096 |
| (0.066) |
| (0.063) |
| (0.068) |
|
| D(LNM1 (−2)) | −0.185 | D(LNM2 (−2)) | 0.052 |
|
|
| (0.063) |
| (0.065) |
|
|
|
| D(LNM2 (−3)) | 0.315 |
|
|
|
|
| (0.064) |
|
|
|
| D(LNM2 (−4)) | −0.149 |
|
|
|
|
| (0.067) |
D(LNCI (−1)) | 0.071 |
|
|
| 0.021 |
| (0.176) |
|
|
| (0.024) |
D(LNCI (−2)) |
|
|
|
| 0.016 |
|
|
|
|
| (0.024) |
D(LNCI (−3)) |
|
|
|
| −0.015 |
|
|
|
|
| (0.025) |
D(LNCI (−4)) |
|
|
|
| −0.027 |
|
|
|
|
| (0.024) |
D(LNMCI (−1)) | −0.126 |
|
|
| −0.025 |
| (0.160) |
|
|
| (0.022) |
D(LNMCI (−2)) |
|
|
|
| −0.027 |
|
|
|
|
| (0.022) |
D(LNMCI (−3)) |
|
|
|
| −0.011 |
|
|
|
|
| (0.022) |
D(LNMCI (−4)) |
|
|
|
| 0.030 |
|
|
|
|
| (0.022) |
D(LNGCI (−1)) |
|
| 0.045 |
|
|
|
|
| (0.047) |
|
|
D(LNGCI (−2)) |
|
| 0.007 |
|
|
|
|
| (0.047) |
|
|
D(LNSCI (−1)) |
|
| 0.016 |
|
|
|
|
| (0.030) |
|
|
D(LNSCI (−2)) |
|
| 0.098 |
|
|
|
|
| (0.030) |
|
|
C | 0.009 |
| 0.013 |
|
|
| (0.004) |
| (0.002) |
|
|
R-squared | 0.071 |
| 0.192 |
| 0.249 |
Adj. R-squared | 0.055 |
| 0.166 |
| 0.207 |
Sum sq. resids | 0.912 |
| 0.092 |
| 0.017 |
S.E. equation | 0.063 |
| 0.020 |
| 0.009 |
F-statistic | 4.334 |
| 7.558 |
| 5.964 |
Log likelihood | 313.309 |
| 576.442 |
| 763.732 |
Akaike AIC | −2.658 |
| −4.922 |
| −6.557 |
Schwarz SC | −2.584 |
| −4.802 |
| −6.362 |
Mean dependent | 0.007 |
| 0.009 |
| 0.011 |
S.D. dependent | 0.065 |
| 0.022 |
| 0.010 |