Variable

Coefficient

Std. Error

t-Statistic

Prob.

D(CPI)

0.000000

0.000000

0.163992

0.8725

D(EXR)

0.073663

0.031183

2.362266

0.0359*

D(TDO)

−3.843191

5.674507

−0.677273

0.5111

CointEq(−1)

−0.056515

0.01699

3.326379

0.0061

Variable

Coefficient

Std. Error

t−Statistic

Prob.

D(FDI)

−0.000000

0.000000

−1.189476

0.2593

D(FPI)

0.000000

0.000000

1.518573

0.1571

D(EXR)

0.061221

0.028384

2.156863

0.0541

D(TDO)

0.804929

5.462867

0.147345

0.8855

CointEq(−1)

−0.063007

0.013166

4.785728

0.0006