| Dependent Variable: HDI |
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| Variable | Coefficient | Std. Error | t-statistic | Prob. |
| SMC | −6.35E−12 | 5.27E−12 | −1.205948 | 0.2412 |
| TR | −0.164812 | 0.079527 | −2.072392 | 0.0507 |
| VST | 4.21E−11 | 1.68E−11 | 2.501133 | 0.0207 |
| ECM(−1) | −0.485966 | 0.710862 | −0.683629 | 0.5017 |
| C | 65.79731 | 2.055593 | 32.00892 | 0.0000 |
| R-squared | 0.560138 | Mean dependent var | 64.73077 | |
| Adjusted R-squared | 0.476354 | S. D. dependent var | 3.000769 | |
| F-statistic | 6.685552 | Durbin-Watson stat | 0.583650 | |
| Prob (F-statistic) | 0.001237 |
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