Cointegrating equations

Equation

Parms

chi²

P > chi²

_ce1

2

111.2678

0.0000

Identification: beta is exactly identified

Johansen normalization restriction imposed

beta

Coef.

Std. Err.

z

p > |z|

95% Conf.

Interval

_ce1

th

1

.

.

.

.

.

tr

−0.9954872

0.0979364

−10.16

0.000

−1.187439

−0.8035353

ts

−0.1526207

0.0783512

−1.95

0.051

−0.3061862

0.0009447

_trend

0.0057077

.

.

.

.

.

_cons

0.8774314

.

.

.

.

.