Vector Error Correction Estimates
Date: 04/18/10 Time: 08:14
Sample (adjusted): 1993 2007
Included observations: 15 after adjustments
Standard errors in ( ) & t-statistics in [ ]
Cointegrating Eq: CointEq1
LINV(-1) 1.000000
LGDP(-1) -1.532417
(0.04738)
[-32.3398]
C -3.365042
Error Correction: D(LINV) D(LGDP)
CointEq1 -1.034702 -0.209201
(0.23262) (0.12584)
[-4.44805] [-1.66244]
D(LINV(-1)) 0.593052 0.348294
(0.17875) (0.09670)
[ 3.31781] [ 3.60192]
D(LINV(-2)) -0.156493 0.125124
(0.32563) (0.17615)
[-0.48059] [ 0.71032]
D(LGDP(-1)) 0.250097 0.005184
(0.66891) (0.36186)
[ 0.37389] [ 0.01433]
D(LGDP(-2)) -0.271464 -0.549186
(0.46525) (0.25168)
[-0.58348] [-2.18205]
C 0.141790 0.100712
(0.05061) (0.02738)
[ 2.80155] [ 3.67847]
R-squared 0.910868 0.855361
Adj. R-squared 0.861350 0.775005
Sum sq. resids 0.058560 0.017137
S.E. equation 0.080664 0.043637
F-statistic 18.39480 10.64475
Log likelihood 20.30906 29.52502
Akaike AIC -1.907874 -3.136669
Schwarz SC -1.624654 -2.853449
Mean dependent 0.249821 0.143823
S.D. dependent 0.216631 0.091995
Determinant resid covariance (dof adj.) 9.50E-06
Determinant resid covariance 3.42E-06
Log likelihood 51.82614
Akaike information criterion -5.043485
Schwarz criterion -4.382638


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