Dependent variable GDP

Variables

Short term result

Long term result

Coef.

t-stat

Variables

Coef.

t-stat

Variables

Coef.

t-stat

Δ(EXP(−1))

6.44e−9

0.03823928

Δ(EXP(−2))

−5.114e−7

−2.71316

Δ(EXP(−1))

/

/

Δ(PE (−1))

−1.16e−7

−0.65469938

Δ(PE(−2))

−4.130e−7

−2.24167

Δ(PE(−1))

0.008776

5.54612

Δ(GPFCF(−1))

7.57e−8

0.4901062

Δ(GPFCF(−2))

−1.696e−7

−1.14183

Δ(GPFCF(−1))

0.001085

8.91241

Δ (TR(−1))

1.563e−6

0.75627532

Δ(TR(−2))

3.224e−6

1.59160

Δ(TR(−1))

0.01846

8.99396

Δ (TR²(−1))

−3.74e−8

−0.67772052

Δ(TR²(−2))

−8.34e−8

1.537

Δ(TR²(−1))

−0.000536

−11.933

Constant −0.000211

[−0.011096]

R: 0.669436

Coint Eq1 −0.025400

[−2.15784]

R²-adj: 0.620823

Coint Eq2 −0.000403

[−2.28158]

Durbin Watson: 2.086850