Dependent Variable: LNPERCAPIT

Selected Model: ARDL (2, 2, 2, 2, 0, 1)

Variable

Coefficient

Std. Error

t-Statistic

Prob.*

LNPERCAPIT (−1)

0.211

0.108

1.965

0.075

LNPERCAPIT (−2)

0.520

0.073

7.076

0.000

LNTOTPENT

−0.117

0.053

−2.223

0.048

LNTOTPENT (−1)

−0.002

0.064

−0.039

0.970

LNTOTPENT (−2)

0.161

0.051

3.176

0.009

LNINTEREST

−0.147

0.066

−2.220

0.048

LNINTEREST (−1)

−0.157

0.082

−1.919

0.081

LNINTEREST (−2)

0.115

0.063

1.809

0.098

LNTRADEOP

−0.121

0.053

−2.277

0.044