| Cointegrating Eq | CointEq1 |
|
| JAN(−1) | 1.000000 |
|
| MAY(−1) | −1.032137 |
|
| (0.02835) |
| |
| [−36.4060] |
| |
| C | 185.8250 |
|
| Error Correction | D(JAN) | D(MAY) |
| CointEq1 | −0.519019 | −0.367661 |
|
| (0.21197) | (0.17821) |
|
| [−2.44856] | [2.06307] |
| Log likelihood | −1344.835 | |
| Akaike information criterion | 28.09969 | |
| Schwarz criterion | 28.57747 | |