Vector Autoregression Estimates

Date: 02/03/22 Time: 12:20

Sample (adjusted): 1990 2021

Included observations: 31 after adjustments

Standard errors in ( ) & t-statistics in [ ]

GDP/Capita

Infl

Gfcf

Govt

Exc.r

Trade

Ms

GDP/Capita(−1)

1.418854

−3.786012

−111.1354

−3.786012

−111.1354

3.103907

117.9032

(0.20764)

(2.48259)

(39.5720)

(2.48259)

(39.5720)

(3.47090)

(55.3256)

[6.83331]

[−1.52503]

[−2.80843]

[−1.52503]

[−2.80843]

[0.89427]

[2.13108]

Infl(−1)

−0.960195

−0.075746

−0.428607

0.003982

−0.488403

−0.488403

−0.488403

(0.29030)

(0.09357)

(1.61868)

(0.22045)

(2.49056)

(2.49056)

(2.49056)

[−3.30762]

[−0.00850]

[−0.26479]

[0.11806]

[−0.19610]

[−0.19610]

[−0.19610]

Gfcf(−1)

0.255994

−0.002815

0.865075

0.000201

−0.000929

−0.000929

−0.000929

(0.17501)

(0.00268)

(0.04636)

(0.00631)

(0.07133)

(0.07133)

(0.07133)

[1.46275]

[−1.05036]

[18.6605]

[0.03187]

[−0.01303]

[−0.01303]

[−0.01303]

Govt(−1)

0.011458

0.004104

−0.118666

−0.000262

−0.010208

−0.010208

−0.010208

(0.01431)

(0.03999)

(0.69181)

(0.09422)

(1.06444)

(1.06444)

(1.06444)

[0.80078]

[0.10263]

[−0.17153]

[−0.00278]

[−0.00959]

[−0.00959]

[−0.00959]

Exc.r(−1)

−0.001356

0.001674

−0.021657

−0.000490

0.798297

0.798297

0.798297

(0.00471)

(0.00209)

(0.03613)

(0.00492)

(0.05559)

(0.05559)

(0.05559)

[−0.28808]

[−0.00161]

[−0.59945]

[−0.09965]

[14.3609]

[14.3609]

[14.3609]

Trade(−1)

−0.000226

0.001674

−0.021657

−0.000490

0.798297

0.798297

0.798297

(0.00098)

(0.00209)

(0.03613)

(0.00492)

(0.05559)

(0.05559)

(0.05559)

[−0.23067]

[0.80161]

[−0.59945]

[−0.09965]

[14.3609]

[14.3609]

[14.3609]

Ms(−1)

−0.001024

0.001674

−0.021657

−0.000490

0.798297

0.798297

0.798297

(0.00100)

(0.00209)

(0.03613)

(0.00492)

(0.05559)

(0.05559)

(0.05559)

[−1.01980]

[0.80161]

[−0.59945]

[−0.09965]

[14.3609]

[14.3609]

[14.3609]

C

−0.000312

16.99410

129.5185

−0.702794

211.9346

211.9346

211.9346

(0.00095)

(6.29739)

(108.938)

(14.8362)

(167.617)

(167.617)

(167.617)

[−0.32760]

[2.69859]

[1.18892]

[−0.04737]

[1.26440]

[1.26440]

[1.26440]

R-squared

0.794468

0.019555

0.751795

0.000097

0.638993

0.638993

0.638993

Adj. R-squared

0.717393

−0.013965

0.743310

−0.034088

0.626651

0.626651

0.626651

Sum sq. resids

25.38916

407201.4

1.22E+08

2260131.

2.88E+08

2.88E+08

2.88E+08

S.E. equation

1.028534

58.99452

1020.544

138.9869

1570.248

1570.248

1570.248

F-statistic

10.30778

0.583382

88.59632

0.002842

51.77344

51.77344

51.77344

Log likelihood

−43.27926

−668.0061

−1015.785

−772.5522

−1068.354

−1068.354

−1068.354

Akaike AIC

3.134074

11.03289

16.73418

12.74676

17.59597

17.59597

17.59597

Schwarz SC

3.583004

11.14781

16.84910

12.86168

17.71089

17.71089

17.71089

Mean dependent

5.958824

15.26967

769.7426

−0.957377

970.4840

970.4840

970.4840

S.D. dependent

1.934761

58.58686

2014.313

136.6769

2569.868

2569.868

2569.868

Determinant resid covariance (dof adj.)

1.56E+20

Determinant resid covariance

1.32E+20

Log likelihood

−3518.442

Akaike information criterion

58.00725

Schwarz criterion

58.46692