Short-run results
| Error correction | D(LTOU) | D(LFDI) | D(LRGDP) | D(LWINC) | D(LCPI) | D(LPOL) |
|---|---|---|---|---|---|---|
| CointEq1 | 0.001049 | –0.225348*** | 6.136761*** | 0.034880*** | 2.733720*** | –0.133912*** |
| D(LTOU(−1)) | –0.155653*** | 0.664248*** | –2.307232 | –0.010880 | 7.293618*** | 0.425130*** |
| D(LFDI(−1)) | 0.000650 | –0.417790*** | –0.716228*** | 0.044470 | –0.088849*** | 0.155295*** |
| D(RGDP(−1)) | 0.007522*** | 0.015440*** | –0.033002 | –0.001572*** | 0.152847*** | –0.017760*** |
| D(CPI(−1)) | 0.005499*** | –0.109486*** | –0.215055*** | –0.000983 | 0.035216 | –0.009942 |
| D(WINC(−1)) | 0.766490*** | 0.353976 | 16.28471*** | 0.328726*** | 1.700514*** | –0.398470*** |
| D(LPOL(−1)) | 0.087231 | 0.257197 | 4.730482 | 0.038236 | 2.933363 | –0.261892 |
| C | 0.017310 | 0.013728 | –0.586340 | 0.032273 | –0.380880 | –0.003343 |
| Error correction | D(LTOU) | D(LFDI) | D(LRGDP) | D(LWINC) | D(LCPI) | D(LPOL) |
|---|---|---|---|---|---|---|
| CointEq1 | 0.001049 | –0.225348*** | 6.136761*** | 0.034880*** | 2.733720*** | –0.133912*** |
| D(LTOU(−1)) | –0.155653*** | 0.664248*** | –2.307232 | –0.010880 | 7.293618*** | 0.425130*** |
| D(LFDI(−1)) | 0.000650 | –0.417790*** | –0.716228*** | 0.044470 | –0.088849*** | 0.155295*** |
| D(RGDP(−1)) | 0.007522*** | 0.015440*** | –0.033002 | –0.001572*** | 0.152847*** | –0.017760*** |
| D(CPI(−1)) | 0.005499*** | –0.109486*** | –0.215055*** | –0.000983 | 0.035216 | –0.009942 |
| D(WINC(−1)) | 0.766490*** | 0.353976 | 16.28471*** | 0.328726*** | 1.700514*** | –0.398470*** |
| D(LPOL(−1)) | 0.087231 | 0.257197 | 4.730482 | 0.038236 | 2.933363 | –0.261892 |
| C | 0.017310 | 0.013728 | –0.586340 | 0.032273 | –0.380880 | –0.003343 |
Note:
***Significance at 1%