Variable Indicating Cointegration

Cointegration Value

ASPI

1.00000

Exchange Rate

−2.67693

M1

−6.06898

M2

−5.02216

M4

6.65609

Wage Rate Government

−0.01002

Wage Rate Trades

−0.42577

Net Foreign Assets

0.25376

Currency In Circulation

−3.65640

Imports

−0.14862

Exports

−0.49051

Constant

18.20775