| D(LPCHE) | D(LPGDP) |
D(LPCHE(−1)) | −0.468229 | −0.401132 |
| (0.24060) | (0.17984) |
| [−1.94610] | [−2.23047] |
D(LPCHE(−2)) | −0.368935 | −0.492583 |
| (0.21950) | (0.16407) |
| [−1.68080] | [−3.00225] |
D(LPGDP(−1)) | 0.552936 | 0.212471 |
| (0.23871) | (0.17843) |
| [2.31635] | [1.19078] |
D(LPGDP(−2)) | 0.607314 | 0.606401 |
| (0.26049) | (0.19471) |
| [2.33139] | [3.11432] |
C | 0.087362 | 0.160878 |
| (0.04855) | (0.03629) |
| [1.79948] | [4.43328] |