ECM Regression | ||||
Case 3: Unrestricted Constant and No Trend | ||||
Model 1 | ||||
Variable | Coefficient | Std. Error | t-Statistic | Prob. |
C | 0.63 | 0.06 | 10.22 | 0.00 |
D(LNINSINVES) | −0.23 | 0.04 | −5.95 | 0.00 |
D(LNINTEREST) | 0.07 | 0.08 | 0.87 | 0.40 |
D(LNTRADEOP) | 0.04 | 0.07 | 0.66 | 0.52 |
D(LNGOVEXP) | 0.56 | 0.07 | 7.66 | 0.00 |
D(INF) | −0.25 | 0.15 | −1.65 | 0.12 |
CointEq (−1)* | −0.96 | 0.10 | −9.49 | 0.00 |