| Regressor | Coefficient | Standard error |
| Long-run | ||
| lnGDP | 4.1484 | 57.3399 |
| lnGDPSQ | −0.3301 | 4.0808 |
| Constant | −13.2397 | 201.3661 |
| Short-run | ||
| dlnGDP | 1.9646 | 8.4397 |
| dlnGDPSQ | −0.0477 | 0.5995 |
| ECM (−1) | −0.1445* | 0.0700 |
| R2 |
| 0.4613 |
| Rbar2 |
| 0.3979 |
| F-statistic |
| 9.7048** |