Variable

Coefficient

Std. error

t-statistic

Prob.*

Long run equation

LCFDI

0.027147

0.006272

4.328564

0.0005

LREM

0.154803

0.029025

5.333398

0.0001

LFA

0.078192

0.020299

3.851956

0.0014

GDP

−0.035698

0.001132

−31.53052

0.0000

Short-run equation

COINTEQ01

−0.340526

0.094664

−3.597196

0.0024

D (LCFDI)

0.014354

0.012649

1.134735

0.2732

D (LREM)

−0.105999

0.070658

−1.500168

0.1530

D (LFA)

−0.092347

0.049569

−1.863006

0.0809

D (GDP)

0.003134

0.006098

0.514001

0.6143

C

0.718114

0.214972

3.340493

0.0041

Mean dependent var

0.036087

S.D. dependent var

0.027236

S.E. of regression

0.010361

Akaike info criterion

−6.343147

Sum squared residual

0.001718

Schwarz criterion

−5.042971

Log likelihood

192.5787

Hannan-Quinn criterion

−5.848032