Vector Error Correction Estimates

 Date: 04/20/08   Time: 18:49

 Sample (adjusted): 1984 2006

 Included observations: 23 after adjustments

 Standard errors in ( ) & t-statistics in [ ]

 

 

 

 

 

 

Cointegrating Eq: 

CointEq1

 

 

 

 

 

 

 

X1(-1)

 1.000000

 

 

 

 

X2(-1)

-2.931332

 

 

 (0.12745)

 

 

[-23.0007]

 

 

 

 

C

 41.55478

 

 

 

 

 

 

 

Error Correction:

D(X1)

D(X2)

 

 

 

 

 

 

CointEq1

-0.686817

-0.036182

 

 (0.21598)

 (0.01736)

 

[-3.18005]

[-2.08451]

 

 

 

D(X1(-1))

 0.452080

 0.001111

 

 (0.21199)

 (0.01704)

 

[ 2.13255]

[ 0.06518]

 

 

 

D(X1(-2))

 0.197988

 0.032655

 

 (0.21691)

 (0.01743)

 

[ 0.91276]

[ 1.87322]

 

 

 

D(X2(-1))

 0.491275

 0.689473

 

 (2.85089)

 (0.22912)

 

[ 0.17232]

[ 3.00920]

 

 

 

D(X2(-2))

-1.757564

-0.474134

 

 (2.78443)

 (0.22378)

 

[-0.63121]

[-2.11874]

 

 

 

C

 0.369954

 0.112838

 

 (0.41833)

 (0.03362)

 

[ 0.88435]

[ 3.35618]

 

 

 

 

 

 

 R-squared

 0.510580

 0.598059

 Adj. R-squared

 0.366634

 0.479841

 Sum sq. resids

 5.796186

 0.037438

 S.E. equation

 0.583911

 0.046928

 F-statistic

 3.547005

 5.058947

 Log likelihood

-16.78520

 41.20084

 Akaike AIC

 1.981322

-3.060943

 Schwarz
        SC

 2.277538

-2.764727

 Mean dependent

 0.502899

 0.168324

 S.D. dependent

 0.733701

 0.065068

 

 

 

 

 

 

 Determinant resid covariance (dof adj.)

 0.000732

 Determinant resid covariance

 0.000400

 Log likelihood

 24.70352

 Akaike information criterion

-0.930741

 Schwarz criterion

-0.239570

 

 

 

[此贴子已经被angelboy于2008-4-24 15:03:51编辑过]