Variable | Coefficient | Standard Error | Test Statistic | P-value |
Cointegration Equation (1) | −0.208796 | 0.151393 | −1.379162 | 0.1796 |
GDP (−1) | −0.528395 | 0.160204 | −3.298271 | 0.0028 |
GDP (−2) | −0.294831 | 0.172284 | −1.711306 | 0.0989 |
GDP (−3) | −0.635087 | 0.131018 | −4.847336 | 0.0001 |
Currency in Circulation (−1) | −2.687745 | 0.675154 | −3.980935 | 0.0005 |
Currency in Circulation (−2) | 0.568852 | 0.841573 | 0.675939 | 0.5050 |
Currency in Circulation (−3) | 3.444795 | 0.821544 | 4.193072 | 0.0003 |
Credit and Debit Card Transactions (−1) | 0.001114 | 0.023092 | 0.048254 | 0.9619 |
Credit and Debit Card Transactions (−2) | 0.007468 | 0.028283 | 0.264033 | 0.7938 |
Credit and Debit Card Transactions (−3) | −0.038991 | 0.029356 | −1.328225 | 0.1956 |
IBFT (−1) | 0.110259 | 0.054399 | 2.026866 | 0.0530 |
IBFT (−2) | 0.013843 | 0.065075 | 0.212717 | 0.8332 |
IBFT (−3) | −0.085243 | 0.056254 | −1.515302 | 0.1418 |
Constant | 25397.63 | 63363.34 | 0.400825 | 0.6918 |
R-squared | 0.973892 | Mean dependent variability | 23444.96 | |
Adjusted R-squared | 0.960839 | S.D. dependent variability | 239729.7 | |
S.E. of regression | 47440.65 | Akaike info criterion | 24.64156 | |
Sum squared residuals | 5.85E+10 | Schwarz criterion | 25.23267 | |
Log likelihood | −478.8313 | Hannan-Quinn criterion | 24.85529 | |
F-statistic | 74.60612 | Durbin-Watson statistic | 1.760167 | |
Probility (F-statistic) | 0.000000 |
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