Vector Error Correction Estimates |
|
|
|
|
| |||
Date: 12/24/19 Time: 15:59 |
|
|
|
|
| |||
Sample (adjusted): 2012M06 2019M09 |
|
|
|
|
| |||
Included observations: 88 after adjustments |
|
|
|
| ||||
Standard errors in ( ) & t-statistics in [ ] |
|
|
|
| ||||
Cointegrating Eq: | CointEq1 |
|
|
|
|
|
| |
L_N2(−1) | 1.000000 |
|
|
|
|
|
| |
L_RGDP15(−1) | −1.679107 (0.81512) [−2.05996] |
|
|
|
|
|
| |
R_3REV(−1) | −2.710499 (2.05181) [−1.32103] |
|
|
|
|
|
| |
L_BLACKREV(−1) | −2.750164 (0.62099) [−4.42865] |
|
|
|
|
|
| |
L_MOBVREV(−1) | 0.427459 (0.22477) [1.90600] |
|
|
|
|
|
| |
L_NEERREV(−1) | 0.740581 (0.70464) [1.05100] |
|
|
|
|
|
| |
L_CPI(−1) | −5.537725 (1.70496) [−3.24801] |
|
|
|
|
|
| |
Error Correction: | D(L_N2) | D(L_RGDP15) | D(R_3REV) | D(L_BLACKREV) | D(L_MOBVREV) | D(L_NEERREV) | D(L_CPI) | |
CointEq1 | −0.063725 (0.03442) [−1.85129] | −0.043956 (0.00767) [−5.72893] | −0.000158 (0.00573) [−0.02764] | −0.015076 (0.00387) [−3.89560] | −0.173924 (0.07012) [−2.48029] | −0.017907 (0.01997) [−0.89689] | −0.020196 (0.00366) [−5.51803] | |
D(L_N2(−1)) | 0.153215 (0.12599) [1.21612] | −0.000443 (0.02808) [−0.01576] | −0.007882 (0.02099) [−0.37559] | 0.043256 (0.08738) [0.49504] | 0.088734 (0.25665) [0.34573] | −0.007603 (0.07307) [−0.10404] | 0.008077 (0.01339) [0.60324] | |