Dependent Variable: LKFY

Sample (adjusted): 1964 2010

Included observations: 47 after adjustments

Variable

Coefficient

Std. Error

t-Statistic

Prob.

LKFY (−2)

0.784

0.090

8.635

0.000

∆LGDP

1.707

0.934

1.827

0.078

LTDY

−1.245

0.407

−3.057

0.004

LTDY (−1)

−1.394

0.469

−2.972

0.006

LTDY (−2)

0.827

0.439

1.883

0.070

LITD (−2)

−1.312

0.428

−3.061

0.004

LINFDF

−1.576

0.326

−4.824

0.000

LINFDF (−2)

0.897

0.274

3.270

0.002

DLREER

−2.025

0.883

−2.291

0.029

∆LREER (−1)

2.091

0.586

3.564

0.001

∆LFDY

−2.674

1.575

−1.697

0.100

∆LPMP

−1.631

0.675

−2.416

0.022

∆LPMP (−2)

−1.031

0.355

−2.902

0.007

LKCY

−2.252

0.547

−4.116

0.000

LKCY (−1)

0.922

0.491

1.874

0.071

LKCY (−2)

3.189

0.631

5.049

0.000

∆LDY (−1)

−0.864

0.326

−2.650

0.013

DMR

0.729

0.279

2.608

0.014

C

5.558

2.064

2.691

0.011

R-squared

0.975

Adjusted R-squared

0.960