Dependent variable: ∆(Log RGDP)

41 observations used for estimation from 1980 to 2020

Regressors

EViews

R

Stata

Parameter estimates (Std. Error)

Parameter estimates (Std. Error)

Parameter estimates

(Std. Error)

Constant

0.019 (0.024)

−0.814 (0.247)***

0.101 (0.019)***

∆(Log RGDP (−1))

−0.039 (0.175)

−0.026 (0.192)

−0.258 (0.167)

∆(Log RGDP (−2))

0.461 (0.172)**

0.355 (0.182)

-

∆(Log Exchange Rate (−1))

0.049 (0.176)

−0.136 (0.169)

0.055 (0.132)

∆(Log Exchange Rate (−2))

−0.197 (0.168)

−0.021 (0.194)

-

∆(Log Real Public Debt (−1))

−0.055 (0.118)

0.013 (0.111)

0.342 (0.106)***

∆(Log Real Public Debt (−2))

−0.244 (0.106)**

−0.046 (0.112)

-

∆(Log Real Expenditure (−1))

−0.276 (0.121)**

−0.078 (0.101)

−0.249 (0.065)***

∆(Log Real Expenditure (−2))

−0.089 (0.107)

−0.086 (0.084)

-

∆(Log Real Imports (−1))

−0.012 (0.069)

0.122 (0.080)

−0.114 (0.047)***

∆(Log Real Imports (−2))

0.029 (0.067)

0.060 (0.082)

-

∆(Log Real Exports (−1))

−0.125 (0.076)

−0.058 (0.097)

0.180 (0.077)***

∆(Log Real Exports (−2))

−0.181 (0.079)**

−0.127 (0.085)

-

∆(Log Broad Money Supply (M2) (−1))

0.351 (0.103)***

−0.301 (0.118)**

0.322 (0.067)***

∆(Log Broad Money Supply (M2) (−2))

0.011 (0.101)

−0.110 (0.095)

-

ECT

−0.049 (0.027)*

−0.158 (0.052)***

−0.248 (0.047)***