Table 7 Long-run parameter estimates.
Long-run coefficients | ||||
|---|---|---|---|---|
Variable | Coefficient | SE | t statistic | Prob. |
\(\log \left( {\text{RGCF}} \right)\) | − 0.439184 | 0.286833 | − 1.531149 | 0.1431 |
\({\text{CPS}} \left( {\% {\text{GDP}}} \right)\) | 0.010912 | 0.013938 | 0.782877 | 0.4439 |
\({\text{TRADE}}\left( {\% {\text{GDP}}} \right)\) | − 0.002155 | 0.002252 | − 0.957303 | 0.3511 |
\(M_{2} \left( {\% {\text{GDP}}} \right)\) | − 0.009512 | 0.013028 | − 0.730115 | 0.4747 |
\(\log {\text{CPI}}\) | 0.001145 | 0.001201 | 0.953640 | 0.3529 |
\({\text{POPG}}\) | 3.017509 | 0.902546 | 3.343329 | 0.0036* |
\(C\) | 34.942095 | 6.248357 | 5.592205 | 0.0000* |
\(@{\text{TREND}}\) | 0.054833 | 0.009868 | 5.556506 | 0.0000* |