Short-run |
| ∆LNGDP | ∆ LNEP | ∆ LNIMP | ∆ LNINF | ∆ LNGCF | |
∆LNGDP |
| 0.33 (1.55) | 0.92** (−2.35) | 2.02 (0.58) | 0.19** (2.03) | ||
∆ LNEP | −0.09* (−1.71) |
| 0.08 (0.31) | 1.11 (0.81) | 0.02 (0.85) | ||
∆ LNIMP | −0.01 (−0.08) | −0.002 (−0.005) |
| −1.90 (−1.29) | −0.08** (−2.46) | ||
∆ LNINF | 0.05** (2.55) | 0.19* (1.77) | 0.16* (1.89) |
| 0.03*** (4.00) | ||
∆ LNGCF | 0.13 (0.33) | 1.86 (0.97) | −2.24* (−1.97) | 0.99 (0.17) |
| ||
Long-run | ECT01(−1) | −0.24* (−1.90) | −0.31 (−0.54) | −0.38 (−0.85) | −1.43* (−1.70) | −0.25*** (−4.24) | |
| Diagnostic Tests | ||||||
Jarque-Bera Normality Test | 5.69 [0.060] | 0.67 [0.715] | 0.15 [0.929] | 0.22 [0.895] | 0.51 [0.775] | ||
Breusch-Godfrey Serial Correlation LM Test | 0.23 [0.873] | 1.49 [0.264] | 0.42 [0.743] | 0.12 [0.949] | 1.11 [0.382] | ||
ARCH Heteroskedasticity Test | 0.99 [0.412] | 0.82 [0.596] | 0.88 [0.464] | 0.22 [0.878] | 0.16 [0.920] | ||
Stability CUSUM Test and CUSUM of Square Test | Within the bands | Within the bands | Within the bands | Within the bands | Within the bands | ||