Dependent Variable: FDI

Variables

Coefficients

Standard Errors

t-stat

P-value

DLOG(EX)

1.682479

0.356496

4.719482

0.0022

DLOG(EX(−1))

−3.806669

0.668150

−5.697325

0.0007

D(OPEN)

8.955791

1.072351

8.351545

0.0001

D(OPEN(−1))

−7.108238

1.020435

−6.965890

0.0002

D(EC)

−0.769453

0.101560

−7.576341

0.0001

CointEq(−1)*

−0.852061

0.110230

−7.729866

0.0001