Long-run regressor

Coefficient

S.E

t-Statistic

p-Value

ngdp_(t−1)

−0.8071

0.1236

−6.5326

0.0000^*

ce_(t−1)

−0.0727

0.0451

−1.6110

0.1164

re_(t−1)

−0.0571

0.1203

−0.4750

0.6378