Table 6 Short-run parameters and the speed of adjustment
Variable | Coefficient | SE | t− Statistic | Prob |
|---|---|---|---|---|
DLOG(GDPPC(− 1)) | − 0.06 | 0.06 | − 0.89 | 0.41 |
DLOG(GCF) | − 0.01 | 0.01 | − 0.49 | 0.64 |
DLOG(GEXP) | 0.21 | 0.02 | 10.71 | 0.00 |
DLOG(GREV) | 0.01 | 0.01 | 0.86 | 0.43 |
D(INTR) | 0.03 | 0.01 | 19.27 | 0.00 |
DLOG(M2) | − 0.14 | 0.01 | − 11.95 | 0.00 |
D(TRO) | − 0.01 | 0.01 | − 10.62 | 0.00 |
CointEq(− 1)* | − 0.80 | 0.04 | − 21.23 | 0.00 |
R-squared | 0.99 | |||
Adjusted R-squared | 0.98 |