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 |