Variables

Coefficient

Std. Error

t-Statistics

Probability

C

26.64805

18.17642

1.466077

0.1542

D(ACE(-1))

0.304626

0.177354

1.717619

0.0973

D(AVAT)

−2.131155

1.480105

−1.439867

0.1614

D(ACIT)

−0.002946

0.003762

−0.783119

0.4404

D(ACED)

−4.130201**

1.720120

−2.401111

0.0235

D(ACED(−1))

−0.101924

1.621682

−0.062851

0.9503

D(ACED(−2))

−4.538447**

1.602402

−2.832276

0.0086

D(APPT)

0.448026**

0.130657

3.429031

0.0020

D(APPT(−1))

0.182205

0.137398

1.326106

0.1959

ECT(−1)

−1.063001**

0.236747

−4.490031

0.0001