Table 5.

Estimated long- and short-run coefficients as of error correction model

VariableCoefficientSEt-statisticProb.
Estimated long-run coefficients
LNALF4.3340182.2912471.8915540.0731
LNCO2−0.5936290.2404432.4688970.0227
LNEC0.1739550.1042101.6692780.1106
LNFHA1.5285100.1739338.7879130.0000
LNFTY1.8073750.2517497.1792640.0000
LNRP−1.9776670.9179892.1543460.0436
C3.11127013.916510.2235670.8254

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