Variable | Coefficient | Std. Error | t-Statistic | Prob. |
LM(−1) | 0.165 | 0.090 | 1.831 | 0.072 |
LGDP(−1) | −0.336 | 0.139 | −2.411 | 0.019 |
LRPM | 0.027 | 0.012 | 2.175 | 0.033 |
LREER | 0.271 | 0.113 | 2.404 | 0.019 |
LOPEN | 1.009 | 0.098 | 10.340 | 0.000 |
ECM(−1) | 0.551 | 0.118 | 4.669 | 0.000 |
C | 0.339 | 1.396 | 0.243 | 0.809 |
R-squared | 0.9830 | Mean dependent var | 18.0586 | |
Adjusted R-squared | 0.9924 | S.D. dependent var | 0.85862 | |
S.E. of regression | 0.07485 | Akaike info criterion | 2.25807 | |
Sum squared resid | 0.38094 | Schwarz criterion | 2.04177 | |
Log likelihood | 91.6776 | Durbin-Watson stat |
| 1.82873 |