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