Vector Error Correction Estimates |
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Date: 12/24/19 Time: 09:00 |
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Sample (adjusted): 2012M05 2019M09 |
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Included observations: 89 after adjustments |
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Standard errors in ( ) & t-statistics in [ ] |
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Cointegrating Eq: | CointEq1 |
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L_N1(−1) | 1.000000 |
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L_RGDP15(−1) | −4.075214 (1.62532) [−2.50732] |
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R_3REV(−1) | 2.524685 (2.62603) [0.96141] |
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L_BLACKREV(−1) | −1.896839 (0.89224) [−2.12593] |
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L_MOBVREV(−1) | 1.565916 (0.26851) [5.83197] |
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L_NEERREV(−1) | 0.608786 (0.61012) [0.99781] |
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L_CPI(−1) | −7.460982 (2.07218) [−3.60054] |
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@TREND(12M01) | 0.043732 (0.01381) [3.16594] |
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C | 62.55448 |
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Error Correction: | D(L_N1) | D(L_RGDP15) | D(R_3REV) | D(L_BLACKREV) | D(L_MOBVREV) | D(L_NEERREV) | D(L_CPI) |
CointEq1 | −0.109879 (0.05179) [−2.12162] | −0.047380 (0.01126) [−4.20767] | −0.008218 (0.00597) [−1.37657] | −0.037826 (0.02534) [−1.49262] | −0.304640 (0.06236) [−4.88531] | −0.008169 (0.02000) [−0.40847] | −0.001792 (0.00377) [−0.47534] |
D(L_N1(−1)) | 0.021119 (0.11537) [0.18305] | −0.121552 (0.04657) [−2.61012] | 0.006977 (0.02469) [0.28258] | −0.081234 (0.10481) [−0.77508] | 0.478608 (0.25789) [1.85583] | 0.029658 (0.08271) [0.35858] | −0.034482 (0.01559) [−2.21142] |