2 Cointegrating Equation(s): Log likelihood 275.6869
Normalized cointegrating coefficients (standard error in parentheses)
LOGGDP LOGT LOGX LOGM
1.000000 0.000000 -2.084872 2.073766
(0.36810) (0.38275)
0.000000 1.000000 -0.498788 -0.498917
(0.01008) (0.01048)
Adjustment coefficients (standard error in parentheses)
D(LOGGDP) -0.107681 1.606413
(0.04007) (2.16677)
D(LOGT) 0.006115 -8.236049
(0.12776) (6.90808)
D(LOGX) 0.222027 -9.278765
(0.13116) (7.09220)
D(LOGM) -0.203512 -5.657109
(0.13815) (7.47017)