C

0.165207

3.143295^∗∗∗

0.0056

∆lnPP(−1)

0.231585

1.241298

0.2304

∆lnPP(−2)

0.277367

1.394186

0.1802

∆lnGDP(−1)

−0.188843

−0.480325

0.6368

∆lnGDP(−2)

−1.746916

−3.527284^***

0.0024

∆lnFDI(−1)

0.056514

2.339136^**

0.0311

∆lnFDI(−2)

0.091351

4.003048^***

0.0008

^*∆lnDI(−1)

−0.250477

−2.305995^**

0.0332

∆lnDI(−2)

−0.108604

−0.931537

0.3639

∆lnL(−1)

10.76905

1.461249

0.1612

∆lnL(−2)

−14.90607

−2.054093^*

0.0548

DUM

−0.025958

−0.644574

0.5273

ECT(−1)

−0.727846

−4.078313^***

0.0007

R-squared = 0.702625 Adjusted R-square = 0.504374 F-statistic = 3.544128 Prob(F-statistic) = 0.007780 D-W statistic = 2.320042