Cointegrating Eq:

CointEq1

CointEq2

Y(-1)

1.000000

0.000000

SHIBOR(-1)

0.000000

1.000000

M1(-1)

-0.000293

-4.21E-06

(0.00029)

(5.3E-06)

[-1.01351]

[-0.79867]

CPI(-1)

-23.40649

-0.746591

(7.77060)

(0.14185)

[-3.01219]

[-5.26326]

BOND(-1)

1.606148

0.019965

(0.74409)

(0.01358)

[ 2.15855]

[ 1.46982]

BANKY(-1)

22.14715

0.312664

(5.52087)

(0.10078)

[ 4.01153]

[ 3.10240]

C

-1392.638

25.02209

R-squared

0.316607

0.500000

0.338581

0.283271

0.402855

0.539642

Adj. R-squared

0.113043

0.351064

0.141563

0.069777

0.224982

0.402514

Sum sq. resids

2976.904

37.91624

4.63E+09

13.57212

820.0390

41.01146

S.E. equation

7.958541

0.898181

9929.303

0.537372

4.177037

0.934122

F-statistic

1.555321

3.357145

1.718528

1.326833

2.264846

3.935315

Log likelihood

-207.9908

-72.72979

-649.9888

-40.88156

-168.0229

-75.16242

Akaike AIC

7.193253

2.829993

21.45125

1.802631

5.903966

2.908465

Schwarz SC

7.707882

3.344622

21.96588

2.317260

6.418595

3.423094

Mean dependent

1.835585

0.038463

10350.51

0.045249

4.336452

-0.091935

S.D. dependent

8.450497

1.114969

10716.79

0.557162

4.744740

1.208481