| Department Variable: LNRGDP | ||||
|---|---|---|---|---|
| Long-Run Relationship | ||||
| Variable | Coefficient | Std. Error | t-Statistic | Prob. |
| Lngfcf | 0.1529 | 0.0208 | 7.3510 | 0.0414 |
| Lnlab | 0.4258 | 0.1951 | 2.1825 | 0.0267 |
| Lnfdept | 0.1206 | 0.0179 | 6.7374 | 0.0362 |
| Lnedu | 0.2538 | 0.0697 | 3.6413 | 0.0395 |
| Agricp_v | -0.0218 | 0.0063 | -3.4603 | 0.0084 |
| inst | -3.5941 | 1.0652 | -3.3741 | 0.0102 |
| C | 1.0213 | 0.2123 | 4.8106 | 0.0192 |
| Short-Run Relationship | ||||
| Variable | Coefficient | Std. Error | t-Statistic | Prob. |
| D(LNRGDP(-1)) | 1.0209 | 0.5285 | 1.9315 | 0.0895 |
| D(LNRGDP(-2)) | 0.6821 | 0.4637 | 1.4711 | 0.1795 |
| D(LNRGDP(-3)) | 0.5076 | 0.4462 | 1.1377 | 0.2882 |
| D(LNGFCF) | 0.2870 | 0.0963 | 2.9797 | 0.0176 |
| D(LNGFCF(-1)) | 0.0147 | 0.2049 | 0.07173 | 0.9446 |
| D(LNGFCF(-2)) | -0.0487 | 0.1794 | -0.2714 | 0.7929 |
| D(LNGFCF(-3)) | -0.1667 | 0.1178 | -1.4158 | 0.1946 |
| D(LNLAB) | -3.8512 | 2.4457 | -1.5747 | 0.1540 |
| D(LNLAB(-1)) | 13.3036 | 5.9807 | 2.2244 | 0.0568 |
| D(LNLAB(-2)) | -8.4026 | 4.2980 | -1.9550 | 0.0863 |
| D(LNFDEPT) | -0.1171 | 0.0421 | -2.7837 | 0.0238 |
| D(LNFDEPT(-1)) | -0.1496 | 0.1024 | -1.4601 | 0.1824 |
| D(LNFDEPT(-2)) | 0.0684 | 0.0802 | 0.8535 | 0.4182 |
| D(LNFDEPT(-3)) | 0.2901 | 0.1029 | 2.8189 | 0.0225 |
| D(LNEDU) | -0.2147 | 0.2326 | -0.9230 | 0.3830 |
| D(LNEDU(-1)) | -0.0681 | 0.3994 | -0.1707 | 0.8687 |
| D(LNEDU(-2)) | 0.3226 | 0.3067 | 1.0517 | 0.3236 |
| D(AGRICP_V(-1)) | -0.0038 | 0.0029 | -1.3185 | 0.2238 |
| D(AGRICP_V(-2)) | -0.0091 | 0.0027 | -3.3841 | 0.0096 |
| D(AGRICP_V(-3)) | -0.0060 | 0.0050 | -1.2091 | 0.2611 |
| D(INST) | 1.1651 | 0.6523 | 1.7862 | 0.1119 |
| D(INST(-1)) | 3.0830 | 0.8989 | 3.4295 | 0.0090 |
| D(INST(-2)) | 1.5868 | 0.4128 | 3.8436 | 0.0049 |
| D(INST(-3)) | 1.4124 | 0.2657 | 5.3164 | 0.0007 |
| ECM | -0.3731 | 0.3229 | -3.9429 | 0.0043 |