Cointegrating eq: | CointEq1 | ||||
---|---|---|---|---|---|
LOG(RER(-1)) | 1.000 | ||||
LOG(PROD(-1)) | -1.330 | ||||
(0.126) | |||||
[-10.534] | |||||
LOG(TOT(-1)) | -0.260 | ||||
(0.064) | |||||
[-4.076] | |||||
LOG(TO(-1)) | 0.114 | ||||
(0.052) | |||||
[2.168] | |||||
LOG(GEX(-1)) | 0.457 | ||||
(0.049) | |||||
[ 9.189] | |||||
C | -4.374 | ||||
(0.154) | |||||
[-28.301] | |||||
Error correction: | Δ (LOG(RER)) | Δ (LOG(PROT)) | Δ (LOG(TOTE)) | Δ (LOG(TOFE)) | Δ (LOG(GEX)) |
CointEq1 | -0.866 | -0.019 | -0.099 | 0.031 | -0.013 |
(0.022) | (0.040) | (0.063) | (0.061) | (0.075) | |
[-38.913] | [-0.492] | [-1.567] | [ 0.510] | [-0.176] |