| PMG |
| MG |
|
| Coefficient | Std. Error | Coefficient | Std. Error |
Long Run results | ||||
PD | −0.0409*** | 0.0108 | −0.0266 | 0.0307 |
COR | −0.0171 | 0.0202 | 0.0543 | 0.0635 |
GDP | 0.1499 | 0.1020 | 0.0183 | 0.1104 |
HC | 0.0471 | 0.0852 | 0.0530 | 0.2728 |
Trade | −0.0705 | 0.0434 | 0.0676 | 0.1906 |
INF | −0.0658** | 0.0313 | −0.0813** | 0.0409 |
Short Run Results | ||||
ECT | −0.6426*** | 0.2106 | −1.0002*** | 0.0363 |
PD | −0.0104 | 0.0109 | −0.0058 | 0.0197 |
COR | 0.0130 | 0.0212 | −0.0055 | 0.0482 |
GDP | −0.0538*** | 0.0114 | −0.0605 | 0.0484 |
HC | 0.0188 | 0.0864 | 0.0225 | 0.1904 |
Trade | 0.0072 | 0.0373 | −0.1082 | 0.0994 |
INF | 0.0245* | 0.0132 | 0.0665 | 0.0499 |