| (1) | (2) | (3) | (4) |
VARIABLES | pit | pit | pit | pit |
|
|
|
|
|
wt | -2.085*** | -2.859*** | -2.780*** | -2.605*** |
| (-5.213) | (-5.325) | (-5.164) | (-5.256) |
F.pit | -0.513*** | -0.544*** | -0.529*** | -0.521*** |
| (-4.100) | (-3.894) | (-3.679) | (-3.771) |
yt | 64.61** | 79.83*** | 69.67** | 89.77*** |
| (2.397) | (2.602) | (2.448) | (2.623) |
ut |
| -21.98** | -20.38** | -20.03** |
|
| (-2.477) | (-2.220) | (-2.170) |
L.oilinflation |
|
| 0.0293 | 0.0325 |
|
|
| (1.142) | (1.258) |
D.ex |
|
|
| -209.8 |
|
|
|
| (-1.047) |
Constant | 42.58*** | 146.1*** | 138.1*** | 133.4*** |
| (5.615) | (3.326) | (3.073) | (3.028) |
|
|
|
|
|
Observations | 30 | 30 | 30 | 30 |
R-squared | 0.370 | 0.414 | 0.426 | 0.425 |