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 |