LNHP

LNM2

LNRATE

LNHP (−1)

0.881180

0.103038

0.934337

(0.07739)

(0.07368)

(1.01109)

[11.3857]

[1.39854]

[0.92409]

LNHP (−2)

0.022055

−0.101599

−0.119736

(0.05956)

(0.05670)

(0.77812)

[0.37029]

[−1.79188]

[−0.15388]

LNM2 (−1)

0.195478

0.857431

−0.353256

(0.11434)

(0.10885)

(1.49377)

[1.70962]

[7.87739]

[−0.23649]

LNM2 (−2)

−0.146663

0.130943

−0.060900

(0.11459)

(0.10908)

(1.49703)

[−1.27989]

[1.20038]

[−0.04068]

LNRATE (−1)

−0.005659

−0.021306

0.793150

(0.00921)

(0.00877)

(0.12036)

[−0.61418]

[−2.42927]

[6.58966]

LNRATE (−2)

0.000276

0.021310

0.150905

(0.00918)

(0.00874)

(0.11996)

[0.03006]

[2.43795]

[1.25800]

C

0.173419

0.159679

−1.293538

(0.09321)

(0.08873)

−1.217740

[1.86048]

[1.79953]

[−1.06224]