Vector Error Correction Estimates
Date: 03/03/10 Time: 16:09
Sample (adjusted): 1981 2006
Included observations: 26 after adjustments
Standard errors in ( ) & t-statistics in [ ]
Cointegrating Eq: CointEq1
RRC(-1) 1.000000
CRC(-1) -0.320945
(0.01236)
[-25.9736]
C -229.9681
Error Correction: D(RRC) D(CRC)
CointEq1 -0.371178 0.590310
(0.25357) (0.56154)
[-1.46383] [ 1.05124]
D(RRC(-1)) 0.666596 0.819862
(0.28736) (0.63638)
[ 2.31969] [ 1.28832]
D(RRC(-2)) -0.144690 -0.596421
(0.32434) (0.71827)
[-0.44610] [-0.83035]
D(CRC(-1)) 0.112840 0.522376
(0.13512) (0.29924)
[ 0.83509] [ 1.74569]
D(CRC(-2)) 0.136329 0.049304
(0.12873) (0.28508)
[ 1.05901] [ 0.17295]
C -8.882861 140.2639
(38.6397) (85.5697)
[-0.22989] [ 1.63918]
R-squared 0.534948 0.617535
Adj. R-squared 0.418685 0.521919
Sum sq. resids 165662.2 812447.7
S.E. equation 91.01159 201.5500
F-statistic 4.601189 6.458472
Log likelihood -150.7673 -171.4386
Akaike AIC 12.05903 13.64913
Schwarz SC 12.34936 13.93946
Mean dependent 122.9615 344.5000
S.D. dependent 119.3688 291.4955
Determinant resid covariance (dof adj.) 1.27E+08
Determinant resid covariance 74859951
Log likelihood -309.4895
Akaike information criterion 24.88381
Schwarz criterion 25.56124