Error Correction | D(mcr) | D(gdp) | D(tvtsr) | D(dctps) | D(gfcf) |
Coint Equation (1) | 0.000615 | 0.012985 | 0.28990*** | 0.004529 | −0.02401** |
| [0.01668] | [1.45181] | [3.99465] | [0.57026] | [−2.11950] |
D (mcr(−1)) | 0.036991 | 0.053858* | −0.175590 | 0.041663* | 0.066552* |
| [0.33301] | [1.99978] | [−0.80351] | [1.74234] | [1.95141] |
D (mcr(−2)) | 0.199906 | −0.044030 | 0.251514 | −0.008295 | 0.068566* |
| [1.54554] | [−1.40403] | [0.98843] | [−0.29791] | [1.72661] |
D (gdp(−1)) | −0.204474 | 0.391257 | 0.253840 | 0.230526** | −0.233041* |
| [−0.46455] | [3.66629] | [0.29315] | [2.43297] | [−1.72448] |