| Regressors | Regressions | |||
| 1 | 2 | 3 | 4 | |
| Constant | ?5.1** (2.2) | ?1.1 (0.4) | ?1.8 (0.7) | ?0.97 (0.4) |
| D(ER) | 0.092* (3.4) | 0.097* (3.6) | 0.101* (3.9) | 0.097* (3.99) |
| INF | ?0.245* (3.1) | ?0.22** (2.6) | ?0.218* (2.65) | ?0.21* (2.73) |
| COM | 1.01* (3.4) | 0.511** (2.09) | 0.601* (3.18) | 0.491** (2.28) |
| INV | 0.175** (2.1) | 0.186** (2.48) | 0.189** (2.6) | 0.185** (2.42) |
| D(EL) | ?0.003 (0.24) | ?0.008 (0.49) | ?0.008 (0.57) | ?0.005 (0.43) |
| G | 0.466* (3.1) | 0.313* (2.7) | 0.355** (2.45) | 0.316** (2.42) |
| FU | ?0.09 (1.2) | ?0.021 (0.41) | ?0.017 (0.35) | ?0.026 (0.49) |
| RD | 0.018 (0.35) |
|
|
|
| UDIP |
| ?0.243 (0.82) |
|
|
| DIP |
|
| 0.202 (0.62) |
|
| SE |
|
|
| ?0.719 (1.51) |
| Adjusted R-squared | 0.995 | 0.996 | 0.995 | 0.995 |
| F-Statistic | 1034.3* | 1146.1* | 1100.4* | 1136.1* |