Vector Error Correction Estimates

Sample (adjusted): 1983 2018

Included observations: 36 after adjustments

Standard errors in ( ) & t-statistics in [ ]

Cointegrating Eq:

CointEq1

RGDP(−1)

1.000000

TFD(−1)

−12.36993

(4.62621)

[−2.67388]

TO(−1)

8.516119

(2.07410)

[4.10594]

FD(−1)

−4991.527

(383.197)

[−13.0260]

IR(−1)

−344.3428

(44.9367)

[−7.66284]

INF(−1)

−81.33911

(10.4508)

[−7.78303]

EX(−1)

−160.8792

(26.2505)

[−6.12861]

C

1035.739

Error Correction:

D(RGDP)

CointEq1

−0.042702

(0.03696)

[−1.15528]

D(TFD(−1))

2.249250

(1.16162)

[1.93630]

D(TFD(−2))

0.344874

(1.39143)

[0.24786]

C

42.66603

(12.7044)

[3.35837]

R-squared

Adj. R-squared

Sum sq. resids

S.E. equation

F-statistic

Log likelihood

Akaike AIC

Schwarz SC

Mean dependent

S.D. dependent

0.765441

0.589522

9608.624

21.91874

4.351097

−151.6459

9.313663

10.01745

46.40181

34.21139

Determinant resid covariance (dof adj.)

Determinant resid covariance

Log likelihood

Akaike information criterion

Schwarz criterion

53.38886

0.872053

−355.1082

26.33935

31.57376