Cointegrating Eq:

CointEq1

GDP(−1)

1

INF(−1)

−75812057

−1.50E+07

[−4.89919]

FDI(−1)

8.34E+08

−2.50E+08

[3.32762]

LAB(−1)

−3.23E+09

−8.00E+08

[−4.05424]

TRO(−1)

38122556

−7.00E+07

[0.54531]

C

2.74E+11

Error Correction:

D(GDP)

D(CPI)

D(FDI)

D(LAB)

D(TRO)

CointEq1

−0.596706

8.87E−10

−1.01E−09

−1.36E−10

−2.53E−09

(0.19400)

(8.6E−10)

(4.0E−10)

(1.4E−10)

(1.8E−09)

[−3.07583]

[1.03776]

[−2.50948]

[−0.96073]

[−1.39688]

D(GDP(−1))

0.023406

−4.10E−10

1.19E−09

7.85E−11

1.98E−09

(0.17893)

(7.9E−10)

(3.7E−10)

(1.3E−10)

(1.7E−09)

[0.13081]

[−0.52037]

[3.19864]

[0.59980]

[1.18740]

D(INF(−1))

1.02E+08

0.598717

−0.053559

−0.028424

−0.909850

(3.8E+07)

(0.16698)

(0.07873)

(0.02771)

(0.35366)

[2.68048]

[3.58559]

[−0.68027]

[−1.02558]

[−2.57265]

D(FDI(−1))

1.70E+08

0.129744

0.405840

0.132338

1.705367

(9.0E+07)

(0.39711)

(0.18724)

(0.06591)

(0.84108)

[1.89090]

[0.32672]

[2.16749]

[2.00781]

[2.02760]

D(LAB(−1))

8.29E+08

−0.929381

−0.579219

0.428918

−8.792415

(5.0E+08)

(2.22570)

(1.04944)

(0.36942)

(4.71405)

[1.64243]

[−0.41757]

[−0.55193]

[1.16106]

[−1.86515]

D(TRO(−1))

−6169783.

0.005292

0.077995

0.011610

−0.172523

(2.1E+07)

(0.09361)

(0.04414)

(0.01554)

(0.19826)

[−0.29052]

[0.05654]

[1.76714]

[0.74724]

[−0.87019]

C

−2.81E+08

2.865044

−0.154153

0.022760

5.412533

(2.6E+08)

(1.16719)

(0.55034)

(0.19373)

(2.47212)

[−1.05935]

[2.45464]

[−0.28010]

[0.11748]

[2.18943]