| Normalized cointegrating coefficients (standard error in parentheses) | ||||
| LGDP | LIMP | LGCF | LEXCH | LEXP |
| 1.000000 | 0.021865 | −0.006964 | −0.012866 | −0.337070 |
|
| (0.05772) | (0.00178) | (0.00086) | (0.04048) |
| Adjustment coefficients (standard error in parentheses) | ||||
| D(LGDP) | −0.790734 |
|
|
|
|
| (0.13489) |
|
|
|
| D(LIMP) | −0.642364 |
|
|
|
|
| (0.42783) |
|
|
|
| D(LGCF) | −7.905612 |
|
|
|
|
| (12.4722) |
|
|
|
| D(LEXCH) | −12.71381 |
|
|
|
|
| (3.32696) |
|
|
|
| D(LEXP) | −0.366595 |
|
|
|
|
| (0.63112) |
|
|
|