DV = lnEXC_t:

DOLS

FMOLS

CCR

Regressors

Coefficients

SE

Coefficients

SE

Coefficients

SE

Long-run coefficients

Crude oil price

−1.459^*** (−7.930)

0.183

−1.399^*** (−9.481)

0.147

−1.399^*** (−8.453)

0.165

Oil revenue

0.833^*** (12.293)

0.067

0.869^*** (17.334)

0.050

0.863^*** (17.013)

0.050

GDP

1.047^** (2.632)

0.397

0.925^** (3.071)

0.301

0.953^** (2.724)

0.349

Constant

−23.596^** (−2.463)

9.576

−20.930^*** (−2.864)

7.307

−21.622^*** (−2.563)

8.436