ECM estimates
| Variable | Coefficient | Std. error | t-statistic | Prob |
|---|---|---|---|---|
| D(LOGLE) | –46.16322 | 92.1114 | –0.501167 | 0.6231 |
| D(LOGLE(−1)) | 823.9718 | 187.4004 | 4.396852 | 0.0005 |
| D(LOGLE(−2)) | 351.4017 | 113.9649 | 3.083421 | 0.0071 |
| D(PGR) | 78.86322 | 59.6138 | 1.322902 | 0.2045 |
| D(PGR(−1)) | –181.0802 | 59.5569 | –3.040457 | 0.0078 |
| CointEq(−1)* | –0.603512 | 0.102601 | –5.882131 | 0 |
| Variable | Coefficient | Std. error | t-statistic | Prob |
|---|---|---|---|---|
| D(LOGLE) | –46.16322 | 92.1114 | –0.501167 | 0.6231 |
| D(LOGLE(−1)) | 823.9718 | 187.4004 | 4.396852 | 0.0005 |
| D(LOGLE(−2)) | 351.4017 | 113.9649 | 3.083421 | 0.0071 |
| D(PGR) | 78.86322 | 59.6138 | 1.322902 | 0.2045 |
| D(PGR(−1)) | –181.0802 | 59.5569 | –3.040457 | 0.0078 |
| CointEq(−1)* | –0.603512 | 0.102601 | –5.882131 | 0 |
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