Short Run Coefficient

Variable

Coefficient

t-Statistic

Prob.

D(LOGRFDI(−1))

−0.358012

−4.29152**

0.0127

D(LOGRFDI(−2))

−0.923824

−12.3211***

0.0002

D(LOGMSZ)

3.916468

4.336566**

0.0123

D(LOGMSZ(−1))

2.560737

1.902323

0.1299

D(DINFR)

0.614838

1.41994

0.2286

D(DINFR(−1))

2.017467

3.736869**

0.0202

D(FEX)

−0.000162

−0.13317

0.9005

D(GEXP)

0.054205

1.84342

0.139

D(GEXP(−1))

0.135455

3.610545**

0.0225

D(OPN)

0.013376

1.06752

0.3459

D(OPN(−1))

−0.022726

−2.21049*

0.0916

D(INFL)

−0.033872

−4.19254**

0.0138

D(INFL(−1))

0.010541

2.782017**

0.0497

D(RINTR)

−0.024514

−5.53679***

0.0052

ECT(−1)

−0.796752

−6.91415***

0.0023

R² = 0.998706

Adjusted R² = 0.991913

F-statistic = 147.0178

Prob (F-statistic) = 0.000100