Variable

Coefficient

t-Statistic

Prob.

DLOG (GSMEP (−1))

−0.30687

−2.27648

0.0346

DLOG (TARRI)

−4.32744

−3.40572

0.0031

DLOG (TARRI (−1))

−2.57685

−1.80394

0.0871

DLOG (TARRI (−2))

−4.3549

−3.44294

0.0027

DLOG (TARRI (−3))

−2.9552

−2.16171

0.0436

DLOG (TO (−1))

0.463027

2.815506

0.0156

ECT (−1)*

−0.70651

−4.48926

0.0003

R-squared

0.658325

Adjusted R-squared

0.580671

Durbin-Watson stat

1.948445