Normalized long-run relationship of the VECM
| Variables | Coefficients | Standard errors | T-value |
|---|---|---|---|
| LNPOP (−1) | −0.334496 | 0.17114 | −1.95457* |
| LNWR (−1) | −0.450647 | 0.18306 | −2.46173 |
| LNDF (−1) | −0.127821 | 0.05743 | −2.22555 |
| LNCO2 (−1) | −0.802420 | 0.30547 | −2.62684 |
| C | 0.998712 | ||
| CointEq1 | −0.839260 | 0.31256 | −2.68507 |
| R2 | 0.878169 | ||
| F-statistic | 5.856571 |
| Variables | Coefficients | Standard errors | |
|---|---|---|---|
| LNPOP (−1) | −0.334496 | 0.17114 | −1.95457* |
| LNWR (−1) | −0.450647 | 0.18306 | −2.46173 |
| LNDF (−1) | −0.127821 | 0.05743 | −2.22555 |
| LNCO2 (−1) | −0.802420 | 0.30547 | −2.62684 |
| C | 0.998712 | ||
| CointEq1 | −0.839260 | 0.31256 | −2.68507 |
| 0.878169 | |||
| 5.856571 |
Note:
* Indicates level of significance at 10%