Variables

Coefficient

Std. Error

t-Statistic

Prob.

D(AAGR(−1))

0.959778

0.026793

35.822122

0.0000

D(AVA)

1.979520

0.884343

2.238409

0.0310*

D(AVA(−1))

−2.315213

0.744992

−3.107703

0.0035**

D(IVA)

0.904825

0.136009

6.652684

0.0000

D(IVA(−1))

−0.923622

0.120493

−7.665345

0.0000

D(GFCF)

0.320533

0.066612

4.811918

0.0000

D(GFCF(−1))

−0.329167

0.071099

−4.629671

0.0000

D(CPI)

−9.061087

0.685423

−13.219694

0.0000

D(CPI(−1))

8.432392

0.719182

11.724984

0.0000

Coint Eq(−1)

−0.103169

0.009356

−11.027449

0.0000

Cointeq = AAGR − (−1.7854 * AVA + 0.2224 * IVA + 0.2860 * FBCF − 7.9805 * CPI) 6666 + 6.769)