Dependent Variable: LKF

Sample (adjusted): 1965 2010

Included observations: 46 after adjustments

Variable

Coefficient

Std. Error

t-Statistic

Prob.

LKF (−2)

0.649

0.131

4.937

0.000

∆LGDP (−1)

−1.786

0.560

−3.187

0.004

∆LTD

−0.278

0.112

−2.474

0.020

∆LTD (−1)

−0.437

0.159

−2.745

0.011

LITD

1.117

0.408

2.737

0.011

LITD (−1)

−1.199

0.520

−2.304

0.030

LITD (−2)

−0.666

0.422

−1.579

0.127

LINFDF (−2)

0.369

0.213

1.729

0.096

∆LREER

−1.934

0.637

−3.035

0.005

∆LREER (−1)

1.790

0.557

3.209

0.003

∆LREER (−2)

2.056

0.622

3.305

0.003

∆∆LFD (−1)

−2.330

0.559

−4.163

0.000

∆∆LFD (−2)

−6.771

1.270

−5.331

0.000

∆LPMP

−1.416

0.457

−3.097

0.004

∆LPMP (−1)

0.538

0.408

1.316

0.200

∆LPMP (−2)

1.074

0.396

2.712

0.012

LKC

−0.315

0.045

−6.875

0.000

LKC (−2)

0.435

0.066

6.510

0.000

∆LED

0.569

0.201

2.831

0.009

∆LED (−2)

−0.412

0.219

−1.877

0.072

DMR

−0.516

0.196

−2.634

0.014

C

5.777

2.153

2.682

0.013

R-squared

0.860

Adjusted R-squared

0.738