. vec ln_ne ln_se
Vector error-correction model
Sample:1950 - 2002 No. of obs = 53
AIC = -11.00462
Log likelihood =300.6224 HQIC = -10.87595
Det(Sigma_ml)=4.06e-08 SBIC = -10.67004
Equation Parms RMSE R-sq chi2 P>chi2
D_ln_ne 4 .017896 0.9313 664.4668 0.0000
D_ln_se 4 .018723 0.9292 642.7179 0.0000


Coef. Std. Err. z P>z [95% Conf. Interval]

D_ln_ne
_ce1
L1. -.4337524 .0721365 -6.01 0.000 -.5751373 -.2923675

ln_ne
LD. .7168658 .1889085 3.79 0.000 .3466119 1.08712

ln_se
LD. -.6748754 .2117975 -3.19 0.001 -1.089991 -.2597599

_cons -.0019846 .0080291 -0.25 0.805 -.0177214 .0137521

D_ln_se
_ce1
L1. -.3543935 .0754725 -4.70 0.000 -.5023168 -.2064701

ln_ne
LD. .3366786 .1976448 1.70 0.088 -.050698 .7240553

ln_se
LD. -.1605811 .2215922 -0.72 0.469 -.5948939 .2737317

_cons .002429 .0084004 0.29 0.772 -.0140355 .0188936

Cointegrating equations
Equation Parms chi2 P>chi2
_ce1 1 29805.02 0.0000

Identification:beta is exactly identified
Johansen normalization restriction imposed

beta Coef. Std. Err. z P>z [95% Conf. Interval]

_ce1
ln_ne 1 . . . . .
ln_se -.9433708 .0054643-172.64 0.000 -.9540807 -.9326609
_cons -.8964065 . . . . .