| Variable | Coefficient estimates | t−Values |
| C | 4.004558*** | 45.25037 |
| ln(GDP_VN_NOTt/POP_VNt) | 0.681714*** | 11.20636 |
| DOIMOIt | −0.476986*** | −4.062471 |
| adj. R2: 0.82; DW: 0.35. *** denotes significance at the 1% level. | ||