Long-run Coefficient Estimates by FMOLS

Data Used

2004Q1 to 2022Q3

1999Q1 to 2022Q3

Value

Prob

Value

Prob

LnY

1.1024

(0.0324)

0.0000

1.1536

(0.0150)

0.0000

LnR

−0.4996

(0.1002)

0.0000

−0.3637

(0.0751)

0.0000

Inf

0.0148

(0.0100)

0.1431

0.0110

(0.0072)

0.1292

LnEX

0.4501

(0.0538)

0.0000

0.3587

(0.0290)

0.0000