变量

短期ECM参数估计

系数

标准误差

T统计量值(P值)

COINTEQ

−0.423913^***

0.059648

−7.106913 (0.0000)

$\Delta \ln \left(CI\left(-1\right)\right)$

1.393987^***

0.142673

9.770526 (0.0000)

$\Delta \ln \left(CI\left(-2\right)\right)$

−0.856736^***

0.236070

−3.629164 (0.0027)

$\Delta \ln \left(CI\left(-3\right)\right)$

0.739744^***

0.158001

4.681886 (0.0004)

$\Delta \ln GDP$

−0.525702^***

0.104249

−5.042758 (0.0002)

$\Delta \ln GDP\left(\left(-1\right)\right)$

0.198363

0.138302

1.434276 (0.1735)

$\Delta \ln GDP\left(\left(-2\right)\right)$

0.068904

0.130320

0.528732 (0.6053)

$\Delta \ln GDP\left(\left(-3\right)\right)$

0.626855^***

0.122925

5.099504 (0.0002)

$\Delta \ln FDI$

1.383965

0.124191

1.231076 (0.2386)

$\Delta \ln FDI\left(\left(-1\right)\right)$

−3.091607^*

1.510520

−2.046717 (0.0599)

$\Delta \ln FDI\left(\left(-2\right)\right)$

−1.452044

1.519359

−0.955695 (0.3554)

$\Delta \ln FDI\left(\left(-3\right)\right)$

−2.245774^*

1.230742

−1.824731 (0.0895)

$\Delta \ln TOP$

0.826837^***

0.203244

4.068203 (0.0012)

$\Delta \ln TOP\left(\left(-1\right)\right)$

−0.277372

0.208368

−1.331162 (0.2044)

$\Delta \ln TOP\left(\left(-2\right)\right)$

−0.069372

0.196641

−0.352783 (0.7295)

$\Delta \ln TOP\left(\left(-3\right)\right)$

0.542519^***

0.171476

−3.163826 (0.0069)

R-squqred = 0.983724

Durbin-Watson stat = 2.180588

F-statistic (prob) = 54.40994 (0.000000)