Dependent variable, $\ln GDP{C}_t$ Regressors

Coefficients

T-ratio (P value)

$\ln CO{P}_t$

0.292

5.319*** (0.000)

$\ln EX{C}_t$

0.069

2.915*** (0.006)

Constant

6.194

34.841*** (0.000)

Short-run estimation result

Dependent variable, $\Delta \ln GDP{C}_t$

$\ln CO{P}_t$

0.292

5.319*** (0.000)

$\ln EX{C}_t$

0.069

2.915*** (0.006)

Constant

6.194

34.841*** (0.000)

ECM (-1)

−0.196

−3.544*** (0.001)

$ecm=\ln GDPCt-0.2924\times \ln CO{P}_t+0.0693\times \ln EX{C}_t+\text{Constant}$

R²: 0.979, DW-statistic: 1.256, F-stat: 503.523*** (0.000)