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