Variable

Coefficient

Std. Error

t-Statistic

Prob.

D (LNEXPTS)

0.146243

0.049983

2.925847

0.0074***

D (LNIMPTS)

0.040246

0.042629

0.944084

0.3545

D (LNIMPTS (−1))

−0.037152

0.052407

−0.708928

0.4852

D (LNIMPTS (−2))

−0.070999

0.049144

−1.444737

0.1615

D (LNEXR)

0.036276

0.050315

0.720965

0.4779

D (LNEXR (−1))

0.071628

0.047968

1.493251

0.1484

D (WAR)

−0.131951

0.032155

−4.103605

0.0004***

ECM_t-1

−0.642683

0.151528

−4.241352

0.0003***

R-squared = 0.9819

Adjusted R-squared = 0.9736

Akaike info criterion = −2.6844

Schwarz criterion = −2.1565

Durbin-Watson stat = 2.3161

F-statistic = 118.7483

Prob(F-statistic) = 0.0000