REER

Coefficient

Standard Error

t-statistic

P value (P < 0.05)

C

−0.053

0.049

−1.08

0.301

OPEN

−0.566

0.184

−3.08

0.011

INFL

−0.239

0.201

−1.19

0.239

GDP

0.493

0.230

2.14

0.054

PUBLIC

−0.129

0.161

−0.80

0.441

TERMTRADE

−0.462

0.035

−1.32

0.215

POL

0.028

0.060

0.47

0.650

Adjusted R-squared

0.412

R-squared

0.619

F-statistic

2.99

Prob (F-statistic)

0.055

No of observations

18