Variable

Coefficient

Std. Error

t-Statistic

Prob.

D(RGDP(−1))

0.232626

0.212001

1.097286

0.2878

D(ESR)

2.695084

2.781077

0.969079

0.3461

D(ICTSR)

2.264555

1.023284

2.213027

0.0409

D(FSR)

−2.943705

1.894437

−1.553868

0.1386

D(FSR(−1))

6.453363

2.236236

2.885815

0.0103

(ECM−1)

−0.603477

0.198556

−3.039320

0.0074