Regr.1 | Regr.2 | Regr.3 | ||
Estimation methods | ||||
endogeneous Var. | exogeneous Var. | OLS | VCEM | ARDL |
ERRE | C | 12** | 15.27** | 5.08 |
(3.44) | (2.14) | (1.01) | ||
PROD | 0.3 | 0.16 | 0.21** | |
(1.2) | (0.01) | (2.56) | ||
TOT | 0.13 | −0.71** | -0.01** | |
(0.55) | (−2.71) | (3.40) | ||
PUBSPEND | −0.41* | −2.48 | -0.91** | |
(−1.67) | (−0.11) | (-3.24) | ||
OPEN | −0.09 | 0.75*** | 0.08 | |
(−0.54) | (7.98) | (1.45) | ||
RER | −0.004 | −0.001 | -0.0001*** | |
(−1.29) | (−1.45) | (-7.45) | ||
INVEST | −0.007 | 0.71 | -0.01*** | |
(−0.09) | (0.70) | (-3.21) | ||
R2 Ajusté | 0.97 | 0.96 | 0.83 | |
Obs | 39 | 39 | 39 |