Dependent variable: RGDPPC

Variable

Coefficient

Std. Error

T-Statistic

Prob.

D(DCPS)

0.0514

0.0206

2.4923

0.0197

D(DCPS(−1))

−0.1348

0.0228

−5.9209

0.0000

D(DD)

−0.1513

0.0282

−5.3638

0.0000

D(DD(−1))

0.1084

0.0275

3.9378

0.0006

D(INV)

0.0049

0.0184

0.2655

0.7928

D(INV(−1))

0.1013

0.0214

4.7232

0.0001

D(PG)

−0.1594

0.0537

−2.9709

0.0065

D(TO)

−0.0377

0.0219

−1.7245

0.0970

D(GS)

0.1601

0.0323

4.9584

0.0000

D(GS(−1))

−0.1029

0.0342

−3.0043

0.0060

C

0.6361

0.0611

10.4073

0.0000

CointEq(−1)

−0.2329

0.0225

−10.3520

0.0000