D(L_CC(−2))

−0.047786

(0.10763)

[−0.44398]

−0.030399

(0.06598)

[−0.46073]

0.028902

(0.03863)

[0.74810]

−0.025526

(0.16279)

[−0.15680]

0.401529

(0.40782)

[0.98458]

0.073064

(0.13068)

[0.55911]

−0.026395

(0.02452)

[−1.07648]

D(L_CC(−3))

0.357667

(0.10759)

[3.32429]

0.083858

(0.06596)

[1.27141]

−0.029194

(0.03862)

[−0.75593]

−0.018012

(0.16274)

[−0.11068]

0.867996

(0.40767)

[2.12916]

0.070620

(0.13063)

[0.54060]

−0.018429

(0.02451)

[−0.75187]

D(L_RGDP15(−1))

−0.525130

(0.15994)

[−3.28339]

0.482620

(0.09804)

[4.92245]

0.025637

(0.05741)

[0.44657]

0.812549

(0.24191)

[3.35895]

0.917242

(0.60600)

[1.51360]

−0.039536

(0.19418)

[−0.20360]

0.049202

(0.03644)

[1.35037]

D(L_RGDP15(−2))

0.940374

(0.18108)

[5.19320]

0.019874

(0.11101)

[0.17904]

−0.035651

(0.06500)

[−0.54850]

0.173954

(0.27388)

[0.63514]

0.163530

(0.68611)

[0.23834]

−0.129318

(0.21985)

[−0.58820]

−0.058835

(0.04125)

[−1.42622]

D(L_RGDP15(−3))

−0.947980

(0.15976)

[−5.93360]

−0.490694

(0.09794)

[−5.01016]

−0.028684

(0.05735)

[−0.50018]

−1.040480

(0.24165)

[−4.30578]

−0.409888

(0.60535)

[−0.67711]

0.021089

(0.19398)

[0.10872]

0.083019

(0.03640)

[2.28094]

D(R_3REV(−1))

−0.053022

(0.34180)

[−0.15513]

−0.084897

(0.20953)

[−0.40518]

0.128567

(0.12269)

[1.04794]

0.004936

(0.51697)

[0.00955]

1.162202

(1.29508)

[0.89740]

−0.165742

(0.41499)

[−0.39939]

0.014919

(0.07787)

[0.19160]

D(R_3REV(−2))

0.053641

(0.30778)

[0.17429]

−0.201590

(0.18867)

[−1.06845]

−0.188243

(0.11047)

[−1.70395]

−0.245458

(0.46552)

[−0.52728]

0.771971

(1.16617)

[0.66197]

−0.964725

(0.37368)

[−2.58168]

−0.054846

(0.07012)

[−0.78222]

D(R_3REV(−3))

0.202889

(0.33086)

[0.61322]

0.082426

(0.20283)

[0.40639]

−0.255546

(0.11876)

[−2.15177]

0.085445

(0.50043)

[0.17074]

1.650583

(1.25364)

[1.31663]

−0.295546

(0.40171)

[−0.73572]

0.000243

(0.07537)

[0.00322]

D(L_BLACKREV(−1))

−0.086983

(0.09522)

[−0.91346]

0.075818

(0.05837)

[1.29881]

0.045013

(0.03418)

[1.31692]

−0.218918

(0.14403)

[−1.51996]

−1.029522

(0.36081)

[−2.85338]

0.027085

(0.11562)

[0.23427]

−0.005477

(0.02169)

[−0.25247]

D(L_BLACKREV(−2))

−0.081978

(0.09769)

[−0.83917]

0.013478

(0.05989)

[0.22506]

0.067130

(0.03507)

[1.91443]

−0.116780

(0.14776)

[−0.79035]

−0.965022

(0.37015)

[−2.60711]

0.141435

(0.11861)

[1.19244]

0.008568

(0.02226)

[0.38501]

D(L_BLACKREV(−3))

−0.007262

(0.10095)

[−0.07193]

−0.004182

(0.06189)

[−0.06757]

0.066117

(0.03624)

[1.82461]

0.720327

(0.15269)

[4.71751]

−0.877521

(0.38251)

[−2.29410]

0.023723

(0.12257)

[0.19354]

0.007642

(0.02300)

[0.33227]

D(L_MOBVREV(−1))

−0.009977

(0.02995)

[−0.33308]

−0.026281

(0.01836)

[−1.43127]

−0.003991

(0.01075)

[−0.37121]

−0.044295

(0.04531)

[−0.97770]

−0.317477

(0.11350)

[−2.79728]

−0.012075

(0.03637)

[−0.33201]

0.007681

(0.00682)

[1.12560]

D(L_MOBVREV(−2))

0.037286

(0.03064)

[1.21690]

−0.016320

(0.01878)

[−0.86885]

−0.006105

(0.01100)

[−0.55510]

−0.027980

(0.04634)

[−0.60374]

−0.122282

(0.11610)

[−1.05328]

−0.094500

(0.03720)

[−2.54023]

0.002223

(0.00698)

[0.31853]

D(L_MOBVREV(−3))

0.032435

(0.02834)

[1.14454]

0.025152

(0.01737)

[1.44784]

0.002516

(0.01017)

[0.24731]

0.036742

(0.04286)

[0.85720]

0.081902

(0.10738)

[0.76276]

−0.065880

(0.03441)

[−1.91472]

0.011638

(0.00646)

[1.80274]