Growth | Model | Short Run | Long Run | Long Run Total Effect | Variables, Effect and Consequence |
GMB1 | L1. 0.11 (0.6) L2. 0.04 (0.7) | - | 0.5 (0.11) | Growth variables, inflation Long-run investment and capital stock effect | |
GP1 | L1. 0.12 (0.4) L2. 0.02 (0.8) | - | 1.03 (0.02)* | Growth, inflation, interest Inflation and interest rate effects in the long run | |
GP2 | L1. 0.39 (0.0)*** L2. -0.25 (0.1) | 0.46 (0.01)* | 0.41 (0.04)* | Growth, inflation, interest, M1 and M3 variables In the long run, the former growth effect | |
GM1 | L1. 0.3 (0.0)*** L2. −0.07 (0.4) | 0.48 (0.02)* | 0.13 (0.5) | Growth, inflation, general spending, taxes In the long run, previous growth, overall general expenditure effect |