L2.STMCAP/GDP

−0.003

−0.000

(0.002)

(0.000)

M2/GDP

0.006

−0.002

0.012

(0.004)

(0.002)

(0.007)

L.M2/GDP

0.001

0.003

0.006

(0.003)

(0.003)

(0.010)

L2.M2/GDP

0.000

−0.005

−0.004

(0.003)

(0.004)

(0.005)

_cons

6.151

−0.794

−18.745*

(4.190)

(3.242)

(5.372)

Obs.

22

22

22

R-squared

0.677

0.567

0.697