Dependent Variable: DEBT

Method: Least Squares

Date: 06/07/09 Time: 18:17

Sample (adjusted): 1988Q4 2005Q4

Included observations: 69 after adjustments

Coefficient

Std. Error

t-Statistic

Prob.

C

1593.225

498.0545

3.198896

0.0027

NDWELL

−0.528233

0.325563

−1.622518

0.1124

HPI

3.581718

1.056949

3.388735

0.0016

R

−10.59367

4.842189

−2.187786

0.0344

ER

0.839933

0.221245

3.796394

0.0005

U

8.600992

2.847128

3.020937

0.0043

NX

−2.390090

0.820599

−2.912614

0.0058

GDP

9.308742

0.371774

25.03873

0.0000

POP

−0.122308

0.030701

−3.983830

0.0003

CPI

−6.109054

1.683275

−3.629268

0.0008

D(NDWELL(1))

−0.624961

0.339864

−1.838856

0.0732

D(HPI(1))

0.024644

1.064469

0.023152

0.9816

D(R(1))

−0.075121

3.624836

−0.020724

0.9836

D(ER(1))

−0.399003

0.239615

−1.665181

0.1035

D(U(1))

5.969554

4.535697

1.316127

0.1954

D(NX(1))

−1.292780

0.818099

−1.580224

0.1217

D(GDP(1))

5.314939

0.703290

7.557251

0.0000

D(POP(1))

0.038484

0.079444

0.484416

0.6307

D(CPI(1))

−0.908136

1.814266

−0.500553

0.6194

D(NDWELL(-1))

−0.328415

0.354325

−0.926876

0.3594

D(HPI(-1))

−1.235681

0.857383

−1.441225

0.1571

D(R(-1))

8.371518

3.621307

2.311739

0.0259

D(ER(-1))

−0.357710

0.245861

−1.454929

0.1533

D(U(-1))

10.27233

4.706728

2.182478

0.0349

D(NX(-1))

−1.250824

0.769740

−1.624995

0.1118

D(GDP(-1))

−1.527126

0.801560

−1.905192

0.0638

D(POP(-1))

0.143880

0.076649

1.877126

0.0676

D(CPI(-1))

4.754399

1.722131

2.760766

0.0086

R-squared

0.999723

Mean dependent var

404.0000

Adjusted R-squared

0.999540

S.D. dependent var

227.4913

S.E. of regression

4.879209

Akaike info criterion

6.298903

Sum squared resid

976.0739

Schwarz criterion

7.205497

Log likelihood

−189.3122

Hannan-Quinn criter.

6.658579

F-statistic

5473.378

Durbin-Watson stat

1.494026

Prob(F-statistic)

0.000000