2 SLS Model 3 GER

Demand

Supply

Coef.

Std.Err

t

P > t

Coef.

Std.Err

t

P > t

TCHE D1.

5.07E−06

8.22E−06

0.62

0.54

GXHT D1.

−1.81E−08

7.37E−07

−0.02

0.981

LPCGDP

−0.09878

0.501314

−0.2

0.844

GERSrSe D1

−0.01414

0.036434

−0.39

0.699

unem_HS D1.

−0.03778

0.085092

−0.44

0.659

GXSECED D1

5.60E−07

6.47E−07

0.87

0.39

Results_HSS D1.

−0.12959

0.050028

−2.59

0.012

eco_ref

0.498593

0.549904

0.91

0.368

RBGSrSec

−1.12462

1.126589

−1

0.322

_cons

−0.08709

0.446256

−0.2

0.846

BPL D1.

−0.15186

0.077427

−1.96

0.054

Lit_pop D1.

−1.81652

0.480519

−3.78

0

_cons

5.289574

6.884856

0.77

0.445

Model 3

Obs

Parms

R-sq

F-Stat

Demand

38

7

0.5576

5.4

Supply

38

4

0.0888

0.8