Variable

Coefficient

Std. Error

t-Statistic

Prob.

D(DEXT)

−6.5011

4.14

−0.157159

0.8761

D(LOGEXT)

1.504713

1.538236

0.978207

0.3355

D(EXTDR)

0.084384

0.120160

0.702261

0.4878

D(LOGBGD2)

−0.008782

0.259103

−0.033893

0.9732

D(GFCR)

0.082996

0.038971

2.129693

0.0412

D(POP)

38.00232

26.10033

1.456009

0.1554

D(EXRD)

0.007031

0.017815

0.394636

0.6958

ECM(-1)

−0.886751

0.171784

−5.162010

0.0000

R-squared

0.480040

Mean dependent var

0.290715

Adjusted R-squared

0.362629

S.D. dependent var

4.764790

S.E. of regression

3.803993

Akaike info criterion

5.690662

Sum squared resid

448.5813

Schwarz criterion

6.031905

Log likelihood

−102.9679

Hannan-Quinn criter.

5.813097

Durbin-Watson stat

2.024760