1 Cointegrating Equation(s):  Log likelihood  192.7557 
 
Normalized cointegrating 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 Cointegrating Equation(s):  Log likelihood  59.34241 
 
Normalized cointegrating coefficients (standard error in parentheses)  
LFR  LGDP  C 


1.000000  −0.816862  −0.116128 


 (0.31929)  (3.07802) 

