1 Cointegrating Equation(s):

Log likelihood

−244.0608

D(CIEA)

D(LNEXP)

1.000000

6.439905

(3.79410)

D(CIEA, 2)

−2.039081

(0.34079)

D(LNEXP, 2)

−0.040274

(0.01264)