LLC

IPS Decision

Level

Difference

Level

Difference

TXP

−7.36

(0.00)

-

−1.99

(0.02)

−I(0)

GDPCAP

−7.12

(0.00)

−13.42

(0.00)

−1.24

(0.11)

−7.26I(1)

(0.00)

DOPEN

−5.43

(0.47)

−11.91

(0.00)

−0.49

(0.31)

−5.98I(1)

(0.00)

AVGRI

−6.40

(0.03)

−14.12

(0.00)

−0.91

(0.18)

−8.15I(1)

(0.00)

M2/GDP

−4.90

(0.16)

−12.76

(0.00)

1.34

(0.91)

−6.43I(1)

(0.00)