Error Correction

$D\left(Y\right)$

$D\left(X\right)$

$D\left(X_1\right)$

CointEq1

−0.505791

(0.08307)

[−6.08867]

0.528926

(0.74426)

[0.71068]

0.087307

(0.16820)

[0.51906]

$D\left(Y\left(-1\right)\right)$

0.075930

(0.11887)

[0.63876]

0.992500

(1.06500)

[0.93193]

−0.365270

(0.24069)

[−1.51759]

$D\left(X\left(-1\right)\right)$

0.038115

(0.02067)

[1.84404]

0.820812

(0.18518)

[4.43248]

0.130569

(0.04185)

[1.359831]

$D\left(X_1\left(-1\right)\right)$

−0.349145

(0.09657)

[−3.61553]

−0.865030

(0.86518)

[−0.99983]

0.265892

(0.19553)

[1.35983]

C

0.064620

(0.01353)

[4.77664]

0.121432

(0.12120)

[1.00188]

0.089244

(0.02739)

[3.25800]