Parameters

LOGIP

LOGCPI

LOGCRUDE

LOGIP (−1)

0.368793*

−0.014232*

0.093859

(0.04883)

(0.00691)

(0.06954)

[7.55252]

[−2.05838]

[1.34967]

LOGIP (−2)

0.339681*

−0.004732

0.034678

(0.04893)

(0.00693)

(0.06969)

[6.94179]

[-0.68297]

[0.49762]

LOGIP (-3)

0.136242*

0.030288*

0.047192

(0.04760)

(0.00674)

(0.06779)

[2.86230]

[4.49405]

[0.69616]

LOGCPI (−1)

−1.307099*

1.344939*

−0.310449

(0.34254)

(0.04850)

(0.48783)

[−3.81594]

[27.7302]

[−0.63639]

LOGCPI (−2)

2.480915*

−0.392053*

0.467690

(0.55870)

(0.07911)

(0.79568)

[4.44053]

[−4.95592]

[0.58779]

LOGCPI (−3)

−1.049779*

0.036745

−0.286635

(0.34255)

(0.04850)

(0.48785)

[−3.06460]

[0.75758]

[−0.58755]

LOGCRUDE (−1)

−0.093821*

0.002861

1.282626*

(0.03389)

(0.00480)

(0.04827)

[−2.76834]

[0.59619]

[26.5743]

LOGCRUDE (−2)

0.153661*

0.006784

−0.337612*

(0.05415)

(0.00767)

(0.07711)

[2.83790]

[0.88492]

[−4.37816]

LOGCRUDE (−3)

−0.046016

−0.009743*

0.016796

(0.03376)

(0.00478)

(0.04808)

[−1.36288]

[−2.03806]

[0.34930]

C

7.821672*

0.138179

−3.873747

(2.12322)

(0.30063)

(3.02380)

[3.68388]

[0.45963]

[−1.28109]