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Table 9 Short and long-run dynamics of the system

From: Estimating long-run equilibrium real exchange rates: short-lived shocks with long-lived impacts on Pakistan

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: D(LOG(RER)) D(LOG(PROD)) D(LOG(TOT)) D(LOG(TO)) D(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]
D(LOG(RER(-1))) -0.067 0.009 0.134 -0.008 0.009
(0.017) (0.031) (0.048) (0.047) (0.058)
[-3.925] [ 0.304] [ 2.737] [-0.169] [ 0.165]
D(LOG(PROD(-1))) -0.611 -0.288 -0.144 -0.291 -0.066
(0.125) (0.228) (0.354) (0.350) (0.425)
[-4.859] [-1.261] [-0.40286] [-0.832] [-0.156]
D(LOG(TOT(-1))) 0.067 0.073 0.002 -0.028 -0.066
(0.070) (0.127) (0.200) (0.195) (0.238)
[0.956] [ 0.571] [ 0.014] [-0.143] [-0.278]
D(LOG(TO(-1))) 0.270 0.043 0.103 0.091 0.114
(0.088) (0.159) (0.251) (0.245) (0.298)
[ 3.073] [ 0.271] [ 0.410] [ 0.372] [ 0.385]
D(LOG(GEX(-1))) 0.170 -0.002 -0.252 -0.351 -0.479
(0.069) (0.126) (0.198) (0.193) (0.235)
[ 2.454] [-0.018] [-1.273] [-1.813] [-2.036]
R-squared 0.992 0.103 0.296 0.174 0.188
Adj. R-squared 0.991 -0.120 0.121 -0.032 -0.014
F-statistic 556.314 0.463 1.688 0.842 0.927
  1. Note: Standard errors in ( ) & t-statistics in [ ].