Vector Error Correction Estimates |
| ||
Date: 03/05/20 Time: 22:12 |
| ||
Sample (adjusted): 2002Q2 2019Q4 |
| ||
Included observations: 71 after adjustments | |||
Standard errors in ( ) & t-statistics in [ ] | |||
Cointegrating Eq: | CointEq1 |
|
|
LEXPORT(−1) | 1.000000 |
|
|
LREER(−1) | −2.911887 |
|
|
| (0.93381) |
|
|
| [−3.11828] |
|
|
LFY(−1) | −2.473156 |
|
|
| (0.69204) |
|
|
| [−3.57372] |
|
|
C | 27.29460 |
|
|
Error Correction: | D(LEXPORT) | D(LREER) | D(LFY) |
CointEq1 | −0.359564 | 0.030042 | 0.004976 |
| (0.09723) | (0.00954) | (0.00355) |
| [−3.69809] | [3.14904] | [1.40148] |
D(LEXPORT(−1)) | −0.144822 | −0.005945 | 0.003872 |
| (0.12040) | (0.01181) | (0.00440) |
| [−1.20281] | [−0.50321] | [0.88071] |
D(LREER(−1)) | −1.137686 | 0.227148 | −0.075116 |
| (1.14628) | (0.11247) | (0.04186) |
| [−0.99250] | [2.01959] | [−1.79452] |
D(LFY(−1)) | 0.607158 | 0.441923 | −0.266193 |
| (3.04291) | (0.29857) | (0.11112) |
| [0.19953] | [1.48014] | [−2.39559] |
C | 0.048839 | −0.006722 | 0.011794 |
| (0.06627) | (0.00650) | (0.00242) |
| [0.73699] | [−1.03386] | [4.87380] |
R-squared | 0.255386 | 0.209323 | 0.177523 |
Adj. R-squared | 0.210258 | 0.161403 | 0.127676 |
Sum sq. resids | 16.12256 | 0.155219 | 0.021499 |
S.E. equation | 0.494248 | 0.048495 | 0.018048 |
F-statistic | 5.659135 | 4.368185 | 3.561342 |
Log likelihood | −48.11729 | 116.7140 | 186.8910 |
Akaike AIC | 1.496262 | −3.146873 | −5.123690 |
Schwarz SC | 1.655605 | −2.987530 | −4.964346 |
Mean dependent | 0.051883 | −0.003109 | 0.009481 |
S.D. dependent | 0.556163 | 0.052957 | 0.019324 |
Determinant resid covariance (dof adj.) | 1.84E−07 |
| |
Determinant resid covariance | 1.48E−07 |
| |
Log likelihood | 256.1185 |
| |
Akaike information criterion | −6.707564 |
| |
Schwarz criterion | −6.133927 |
|