| Coefficient | z-Statistics | Coefficient | z-Statistics |
---|---|---|---|---|
Short-term estimations | Long-term estimations | |||
ECT(-1) | − 1.003 | − 43.80*** |  |  |
L.lnGDP | − 0.003 | − 0.14 |  |  |
lnLF | 0.218 | 0.84 | 0.199 | 0.78 |
lnREC | 0.014 | 0.13 | 0.018 | 0.17 |
NREC | 0.012 | 1.81* | 0.012 | 1.80 |
lnEE | 0.856 | 15.18*** | 0.852 | 16.88*** |
lnEC | 0.176 | 5.07*** | 0.176 | 4.89*** |