Variable

Coefficient

Std. Error

t-Statistic

Prob.

1. RGDP

2.548170***

0.374154

4.450489

0.0067

2. EXR

1.685851

1.545641

1.860877

0.1711

3. EXD

−0.86867

0.0221343

2.56478

0.0495

4. LR

0.087442**

0.400811

3.589694

0.0124

5. DMD

−0.5986554**

0.066957

2.785694

0.0386