Dependent Variable: LKFY

Sample (adjusted): 1964 2010

Included observations: 47 after adjustments

Variable

Coefficient

Std. Error

t-Statistic

Prob.

LKFY (−2)

0.600

0.075

7.945

0.000

∆LGDP

2.398

0.946

2.532

0.017

LTDY

−1.892

0.411

−4.598

0.000

LTDY (−1)

−0.813

0.382

−2.129

0.042

LITD (−2)

−2.177

0.426

−5.108

0.000

LINFDF

−0.990

0.413

−2.393

0.024

LINFDF (−1)

−0.386

0.354

−1.088

0.286

LINFDF (−2)

0.598

0.286

2.090

0.046

∆LNER

−2.005

0.822

−2.438

0.021

∆LNER (−1)

1.039

0.415

2.503

0.018

∆LNER (−2)

1.752

0.451

3.879

0.000

∆LFDY

−2.530

1.606

−1.575

0.127

∆LPMP

−2.407

0.835

−2.881

0.007

LKCY

−2.060

0.502

−4.100

0.000

LKCY (−1)

1.308

0.476

2.745

0.010

LKCY (−2)

3.460

0.649

5.326

0.000

∆LDY (−1)

−0.673

0.322

−2.084

0.047

∆LDY (−2)

−0.459

0.262

−1.751

0.091

INSTD

−1.109

0.927

−1.197

0.242

DMR

0.440

0.266

1.652

0.110

C

9.979

2.113

4.722

0.000

R-squared

0.977

Adjusted R-squared

0.961