Variable

Constant

gdp

(−1)

gdp

(−2)

gdp

(−p)

gov

(−1)

gov

(−2)

gov

(−p)

tax

(−1)

tax

(−2)

tax

(−p)

rir

(−1)

rir

(−2)

rir

(−p)

gdp

0.12

0.25***

−0.15**

0.05

0.03

−0.02

0.01

−0.04

0.06*

−0.03

−0.01

0.02

−0.04

−0.05

−0.08

−0.07

−0.06

−0.04

−0.03

−0.05

−0.03

−0.03

−0.04

−0.02

−0.02

−0.03

gov

−0.01

−0.02

0.04

−0.03

0.15***

−0.08**

0.07*

0.01

−0.03

0.02

−0.05**

0.04*

−0.06***

−0.03

−0.05

−0.04

(00.-04)-

(00.-03)-

(00.-02)-

(00.-03)-

(00.-02)-

(00.-02)-

(00.-03)-

(00.-01)-

(00.-01)-

(00.-02)-

tax

rir