Variables

Coefficient

Std. Error

t-statistics

Probability

C

14.17775

19.69300

0.719938

0.4770

D(ARE(-1))

−0.379471**

0.160117

−2.369958

0.0242

D(AVAT)

0.124942

1.661718

0.075188

0.9405

D(ACIT)

0.001627

0.004355

0.373592

0.7113

D(ACED)

5.181230**

1.809003

2.864136

0.0074

D(APPT)

0.121280

0.142025

0.853932

0.3997

ECT(−1)

−0.732312**

0.247181

−2.962653

0.0058