Cointegration equation | Cointegration equation 1 | |||
---|---|---|---|---|
Lnprivate (−1) | 1 |  |  |  |
Lngoverment (−1) | −0.66 |  |  |  |
(0.18) | ||||
[−3.57] | ||||
Lncharity (−1) | −0.21 |  |  |  |
(0.09) | ||||
[−2.36] | ||||
Lnsale (−1) | 0.16 |  |  |  |
(0.21) | ||||
[0.75] | ||||
Intercept | −3.34 |  |  |  |
Error Correction | D(Lnprivate) | D(Lngoverment) | D(Lncharity) | D(Lnsale) |
Cointegration equation 1 | −0.08 | 0.01 | 0.14 | −0.00 |
(0.03) | (0.01) | (0.05) | (0.01) | |
[−2.99] | [1.63] | [3.08] | [−0.47] | |
D(lnprivate(−1)) | −0.20 | −0.01 | −0.21 | 0.01 |
(0.06) | (0.01) | (0.10) | (0.01) | |
[−3.38] | [−0.74] | [−2.00] | [1.05] | |
D(lngoverment(−1)) | 0.10 | −0.16 | −0.04 | −0.08 |
(0.30) | (0.07) | (0.52) | (0.07) | |
[0.34] | [−2.45] | [−0.07] | [−1.17] | |
D(lncharity(−1)) | −0.01 | −0.00 | −0.11 | 0.01 |
(0.04) | (0.01) | (0.06) | (0.01) | |
[−0.34] | [−0.12] | [−1.82] | [1.60] | |
D(lnsale(−1)) | 0.30 | 0.02 | 0.18 | 0.16 |
(0.26) | (0.06) | (0.44) | (0.06) | |
[1.16] | [0.40] | [0.40] | [2.55] | |
Intercept | 0.06 | 0.04 | 0.15 | 0.06 |
(0.03) | (0.01) | (0.05) | (0.01) | |
[2.10] | [5.91] | [3.05] | [7.98] | |
R2 | 0.10 | 0.04 | 0.06 | 0.05 |
Adj. R2 | 0.08 | 0.02 | 0.04 | 0.03 |
Sum sq. resids | 27.97 | 1.30 | 81.67 | 1.53 |
SE equation | 0.34 | 0.07 | 0.58 | 0.08 |
F-statistic | 5.49 | 1.82 | 2.95 | 2.30 |
Log likelihood | −80.96 | 302.94 | −214.88 | 281.99 |
Akaike information criterion | 0.70 | −2.38 | 1.77 | −2.21 |
Schwarz SC | 0.78 | −2.29 | 1.85 | −2.12 |
Mean dependent | 0.07 | 0.03 | 0.14 | 0.07 |
SD dependent | 0.35 | 0.07 | 0.59 | 0.08 |
Determinant resid covariance (dof adj.) | 1.23 × 10–06 |  |  | |
Determinant resid covariance | 1.12 × 10–06 |  |  | |
Log likelihood | 294.17 | Â | Â | |
Akaike information criterion | −2.13 |  |  | |
Schwarz criterion | −1.73 |  |  |