1 Co-integrating Equation(s):

Log likelihood

192.7557

Normalized co-integrating coefficients (standard error in parentheses)

LFR

LEX

LIM

LFDI

C

1.000000

−1.412591

0.319590

−0.471545

4.954548

(0.09284)

(0.08474)

(0.01580)

(0.05744)

1 Co-integrating Equation(s):

Log likelihood

59.34241

Normalized co-integrating coefficients (standard error in parentheses)

LFR

LGDP

C

1.000000

−0.816862

−0.116128

(0.31929)

(3.07802)